29 Nov '13, 2pm

Bitcoin worth almost as much as gold

Bitcoin worth almost as much as gold

Bitcoin prices continued their record run. The new all-time high is close to what it costs to buy an ounce of gold. NEW YORK (CNNMoney) Bitcoins are now worth nearly as much as an ounce of gold. The price of one bitcoin rose as high as $1,242 early Friday, just two days after crossing $1,000 for the first time. Prices subsequently fell back to about $1,155. Meanwhile, gold prices were trading around $1,250 an ounce, down about 25% for the year. Bitcoin has surged this year on hopes the experiment in digital money will eventually become a legitimate global currency. One bitcoin was worth about $13 in January. Bitcoin, which trades non-stop on the Mt. Gox exchange and other online markets, has been extremely volatile. It rose to what was then an all-time high of $900 earlier this month , only to fall back to $500 in the span of 28 hours. Demand for bitcoin has been particula...

Full article: http://money.cnn.com/2013/11/29/investing/bitcoin-gold/in...

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...

One Bitcoin was Worth MORE than an Ounce of Gold Today

One Bitcoin was Worth MORE than an Ounce of Gol...

coindesk.com 29 Nov '13, 8am

Bitcoin exceeded the price of gold on Mt. Gox this morning, an event bitcoin advocates say is symbolic for the virtual cur...

Bitcoin is a few bucks away from gold

Bitcoin is a few bucks away from gold

businessinsider.com 29 Nov '13, 2pm

The price of Bitcoin is now within a stone's throw of the price of gold. The digital currency already set a record earlier...

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...

Bitcoin worth $9M buried in garbage dump

Bitcoin worth $9M buried in garbage dump

money.cnn.com 29 Nov '13, 4pm

A hard drive containing about $9 million in bitcoin is trapped under mounds of trash at a landfill site like this one in t...

Is Bitcoin the new gold?

telegraph.co.uk 04 Dec '13, 10am

The rush of money out of global stock markets is expected to flood into "safe haven" assets, which help shield capital in ...

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...

Infographic: What is Bitcoin? via @CNNMoney

money.cnn.com 03 Dec '13, 1pm

Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their w...

Much Ado About Bitcoin

Much Ado About Bitcoin

nytimes.com 27 Nov '13, 2am

I wasn’t trying to manipulate an underground economy. I was just doing my job as a blogger for the website Gawker when I b...

The Bitcoin bubble

economist.com 28 Nov '13, 5pm

BITCOIN is booming. Investors are piling into the digital currency, which is not issued by a central bank but is conjured ...

@AdrianChen

nytimes.com 27 Nov '13, 12am

I wasn’t trying to manipulate an underground economy. I was just doing my job as a blogger for the website Gawker when I b...

Missing: hard drive containing Bitcoins worth £...

theguardian.com 27 Nov '13, 4pm

Buried somewhere under four feet of mud and rubbish, in the Docksway landfill site near Newport, Wales, in a space about t...

Bitcoin Could Be Worth 10-100x Current Price - ...

streetinsider.com 02 Dec '13, 2pm

After reaching an all-time high of $1242 last week, bitcoin is feeling gravity today and the virtual currency is trading d...

China Telecom Accepts Bitcoin.

reddit.com 29 Nov '13, 4am

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no...

Missing: hard drive containing Bitcoins worth £...

theguardian.com 27 Nov '13, 4pm

Buried somewhere under four feet of mud and rubbish, in the Docksway landfill site near Newport, Wales, in a space about t...