The most widely used virtual currency Bitcoin continues its upward rally. The price of this cryptocurrency has recently surpassed at the start of 2017 the threshold of $1200 which means that for the first time Bitcoin value surpasses the Gold.
Bitcoin Is Now Worth More Than Gold For The First Time Ever
The virtual currency Bitcoin has opened new doors to the transaction and investment of money. It was initially launched into the world in 2009 as the invention of a mysterious computer guru who referred to his pseudonym Satoshi Nakamoto, this coin is created by means of a rather complex mathematical formula.
But the incredible thing happened and, for the first time, this virtual currency surpassed the gold quotation.
According to information from the Financial Times newspaper, the actual value of Bitcoin today surpassed the price of gold having reached $ 1,285.22, see here the value in real time.
However, since the beginning of the year, the price of virtual currency has already appreciated more than 30%. This increase has also been associated with the Chinese authorities with the withdrawal of capital from the world’s second largest economy.
Currently, the price of one ounce of gold, which corresponds to about 28.34 grams, is worth $1,237.73.
According to the website Coinmarketcap, the value of all bitcoin in circulation will now exceed 20 billion dollars. By its formula, which limits its distribution, only 21 million Bitcoins in circulation will be allowed.