Today, more than five months after bitcoin and gold prices have reached parity, bitcoin costs almost three times more than the more traditional value accumulation tool.
The price of bitcoin reached a new high above $ 3,400 during today's session, which is $ 2,000 higher than the price of gold. Now the precious metal is trading for $ 1,257 at the exchange rate provided by Bloomberg.
In general, this is a sign that the crypto currency as an asset class can be of increasing interest in the eyes of professional investors. Earlier today, the total value of all publicly traded crypto currencies set a new record high that exceeded $ 117 billion.
Bitcoin enthusiasts have long compared this digital asset to gold, arguing that bitcoin is a more efficient storehouse of value due to its digital and provably limited character.
source: https://bitnovosti.com