Bitcoin value tops gold for first time
A unit of the digital cryptocurrency Bitcoin has exceeded the value of an ounce of gold for the first time. It closed at $1,268 on Thursday while a troy ounce of gold stood at $1,233.
„The current high is being attributed to surging demand in China, where authorities warn it is used to channel money out of the country.”, according to BBC.
The move follows a break to new all-time highs for the price of bitcoin, which began the year by crossing the $1,000 mark. Markets have seen dizzying changes in recent weeks, breaking through a three-year-old high on 23rd February. Prices have largely continued to climb since.
„Driving the price is overall bullish sentiment in the market, as traders have seemingly taken a positive tack toward the prospects of the US SEC approving the first-ever bitcoin ETF. The SEC has a deadline of 11th March to make its decision.”, according to coindesk.com.
Overall, it’s been more than three years since the last time gold and bitcoin hit parity, though it’s worth noting that this was on Mt Gox, which was the only exchange that had a price to reach parity.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
