29 Nov '13, 8am

One Bitcoin was Worth MORE than an Ounce of Gold Today

One Bitcoin was Worth MORE than an Ounce of Gold Today

Bitcoin exceeded the price of gold on Mt. Gox this morning, an event bitcoin advocates say is symbolic for the virtual currency. The price has since dipped, and at the time of writing is trading at $1,146 on Gox, below the gold spot price of $1,246 per ounce in US dollars. The price of the coin, which broke $1,000 just a few days ago, has been rapidly approaching the price of gold, which has fallen in recent weeks. Today it reached a high of $1,242 on Mt. Gox, topping gold’s $1,241.98 at the time. Erik Voorhees, an early entrepreneur in bitcoin, was in jubilant spirits. Voorhees, who sold his gambling site SatoshiDice for 126,315 BTC this year, said that it was a psychologically significant event. He said: “For believers, it means bitcoin is really becoming a ‘respectable asset’. Clearly, bitcoin is no longer a penny stock. It’s playing in the big leagues – a share being w...

Full article: http://www.coindesk.com/one-bitcoin-worth-ounce-gold-today/

Tweets

Bitcoin Now Worth More Than Gold

zerohedge.com 29 Nov '13, 5am

Please ZH god's PLEASE sell all those BTC's you have accumulated by 'donation' over the last 3 years, please turn them int...

Bitcoin worth almost as much as gold

Bitcoin worth almost as much as gold

money.cnn.com 29 Nov '13, 2pm

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Bitcoin is a few bucks away from gold

Bitcoin is a few bucks away from gold

businessinsider.com 29 Nov '13, 2pm

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blogs.marketwatch.com 29 Nov '13, 4pm

First it was gold that was poised to rise infinitely as the world’s major central banks and politicians debased the dollar...

Bitcoin hits record $1,242 as it nears value of...

blogs.marketwatch.com 29 Nov '13, 4pm

First it was gold that was poised to rise infinitely as the world’s major central banks and politicians debased the dollar...

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economist.com 28 Nov '13, 5pm

The researchers exploited a current weakness in most Bitcoin personal and server software, which generates single-use addr...

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economist.com 28 Nov '13, 5pm

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baesystems.com 28 Nov '13, 1pm

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streetinsider.com 02 Dec '13, 2pm

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