Friday, March 3, 2017

Bitcoin is now worth more than an ounce of gold, still chasing cocaine

Bitcoin has reached an impressive milestone as earlier this week the popular cryptocurrency became more valuable than gold for the first time ever. At the end of Thursday, the blockchain-powered currency topped off gold, hitting the price of $1,268 for a single unit of Bitcoin compared to $1,233 for a troy ounce of gold, BBC reports. Recovering from a massive drop to $200 per unit in mid-2015, Bitcoin has experienced a rather significant surge throughout the latter part of 2016 and early 2017 so far. Gold on the other hand has circled around the $1,200 price point for a while now, with…

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