We weren't too surprised to see that a bitcoin is now worth more than an ounce of gold... Coming in at a record, $1,251.32! After all, in 2013 we shared 15 reasons bitcoins are better gold.
Here are just a few of the bullets from that post:
- Bitcoins are gold 2.0
- Transaction fees
- No commodities correlation
Of course the GLD does something similar to bitcoins but still, there is "physical gold" backing every "virtual" ounce.
Of course, this piece is not an endorsement of any investment, virtual currency or anything else. Prices are able to fluctuate widely - gold could overtake bitcoins in price at any time. Moreover, virtual currencies can be stolen, perhaps more easily than a metal.
But getting back to the sunny side of bitcoin life... When we predicted 2017 will be the year of blockchain, bitcoin and fintech, we were likely was right. Bitcoins potentially are, gold 2.0.
The question now is how do you learn more about this market and where its headed? It's a bit self-serving but we can say without hesitation, the Blockchain Event which TMC is a part-owner of is one of the best educational events on the market - it has a consistent buzz and is growing. The next one takes place in Las Vegas, July 17-20 and we hope to see you there!