At the present day of Bitcoin and gold, a bitcoin is worth nearly three ounces of gold.
BTCC CEO Bobby Lee said that in the end the price of a Bitcoin will be compared to a kilo of gold:
Bobby Lee :
$BTC prices are at almost 3 ounces of Gold. Eventually, price of 1 Bitcoin will be compared to 1 kilogram of gold!
We are 8.7% there now.
The Bitcoin still beat a new record today with a spade at $ 3850
The ounce of gold is currently sold at $ 1290, which means that three ounces of gold are worth about $ 3870, which is only $ 20 more than the price of a Bitcoin.
This is great news for China which, according to Bobby Lee, is the largest producer of gold and Bitcoin in the world
A CNBC advisor recently said that the Bitcoin was definitely a better investment than gold.
Other advisors also indicated that the Bitcoin would remain a store of value despite market fluctuations.
The additional advantage of Bitcoin is its growing liquidity. Instruments such as Bitcoin withdrawal cards and increasingly simple digital transfers mean that these values can be transferred and used easily.
The advantage of the Bitcoin in relation to gold is obvious, the simplicity of digital transfers being much better than giving a piece of gold to a friend.
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