{"id":12511,"date":"2017-03-02T11:47:47","date_gmt":"2017-03-02T11:47:47","guid":{"rendered":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/yes_bitcoins_are_gold_20.html"},"modified":"2022-10-14T18:30:32","modified_gmt":"2022-10-14T22:30:32","slug":"yes-bitcoins-are-gold-20","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/yes-bitcoins-are-gold-20.html","title":{"rendered":"Yes, Bitcoins are Gold 2.0"},"content":{"rendered":"<p><a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/uploads\/bigstock--138600953.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/assets_c\/2017\/03\/bigstock--138600953-thumb-500x333-15623.jpg\" alt=\"bigstock--138600953.jpg\" width=\"500\" height=\"333\" \/><\/a><\/p>\n<p>We weren&#8217;t too surprised to see that a bitcoin is now worth more than an ounce of gold&#8230; Coming in at a record, $<a href=\"http:\/\/www.marketwatch.com\/story\/bitcoin-is-now-worth-more-than-an-ounce-of-gold-for-the-first-time-ever-2017-03-02?siteid=bnbh\">1,251.32<\/a>!&nbsp;After all, in 2013 we shared <a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/15-reasons-why-bitcoins-are-better-than-gold.html\">15 reasons bitcoins are better gold<\/a>.&nbsp;<\/p>\n<p>Here are just a few of the bullets from that post:<\/p>\n<ul>\n<li>Bitcoins are gold 2.0<\/li>\n<li>Customs<\/li>\n<li>Transaction fees<\/li>\n<li>Gambling<\/li>\n<li>No commodities correlation<\/li>\n<\/ul>\n<p>Bottom line &#8211; the virtual currency is now more valuable than the physical. When we asked some months back <a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/will-bitcoins-really-crash-gold.html\">if bitcoins will crash gold<\/a> &#8211; the idea seemed silly. Perhaps it still is but you can&#8217;t deny what a big deal this news is. Everything we&#8217;ve been taught is now at risk&#8230; Many people use gold as a shelter from governments printing endless amounts of paper money. But what if even more people realize there are benefits to virtual versus physical monetary hedges?<\/p>\n<p>Of course the GLD does something similar to bitcoins but still, there is &#8220;physical gold&#8221; backing every &#8220;virtual&#8221; ounce.<\/p>\n<p>Of course, this piece is not an endorsement of any investment, virtual currency or anything else. Prices are able to fluctuate widely &#8211; gold could overtake bitcoins in price at any time. Moreover, virtual currencies can be stolen, perhaps more easily than a metal.<\/p>\n<p>But getting back to the sunny side of bitcoin life&#8230; When we predicted <a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/2017-to-be-the-year-of-blockchain-bitcoin-and-fintech.html\">2017 will be the year of blockchain, bitcoin and fintech<\/a>, we were likely was right. Bitcoins potentially are, gold 2.0.<\/p>\n<p>The question now is how do you learn more about this market and where its headed? <em>It&#8217;s a bit self-serving but we can say without hesitation, the <a href=\"http:\/\/www.theblockchainevent.com\/\">Blockchain Event<\/a> which TMC is a part-owner of is one of the best educational events on the market &#8211; 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!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We weren&#8217;t too surprised to see that a bitcoin is now worth more than an ounce of gold&#8230; Coming in at a record, $1,251.32!&nbsp;After all, in 2013 we shared 15 reasons bitcoins are better gold.&nbsp; Here are just a few of the bullets from that post: Bitcoins are gold 2.0 Customs Transaction fees Gambling No<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12511"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=12511"}],"version-history":[{"count":1,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12511\/revisions"}],"predecessor-version":[{"id":18400,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/12511\/revisions\/18400"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=12511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=12511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=12511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}