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according to Price of #Bitcoin has crossed Gold price for first time ever. The price of bitcoin rallied to all-time highs on Friday, climbing above the price of one ounce of gold for the first time. Read more"Gold has been going up, but it hasn't been rising as rapidly as bitcoin," digital currency trader Brian Kelly told NBC News. Beijing threatens to shut down bitcoin exchanges https://t.co/G1e1g97FpVpic.twitter.com/1YfNsPdXdl — RT (@RT_com) February 9, 2017Some experts say as bitcoin is becoming more valuable than gold it may edge out the precious metal as an alternative asset. The CEO of Euro Pacific Capital, Peter Schiff is more skeptical of the digital currency's future, calling bitcoin a "digital fool's gold."
referring to "Many people have looked at it as a proxy to gold and silver, with bitcoins, they try to minimise the quantity of it because that's what makes money valuable, that there's a sense of rarity. He told Marketwatch in a Facebook Live Q&A: "This is digital money; you know what happens sometimes with digital stuff, if you're not careful it could evaporate or it could just as easily be tampered with. "Whereas people look at other currencies across the globe, even the US dollar, you could print trillions and it becomes this unlimited thing, but the more you make of it, the less valuable each individual unit is."
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read more visit us gold
according to Price of #Bitcoin has crossed Gold price for first time ever. The price of bitcoin rallied to all-time highs on Friday, climbing above the price of one ounce of gold for the first time. Read more"Gold has been going up, but it hasn't been rising as rapidly as bitcoin," digital currency trader Brian Kelly told NBC News. Beijing threatens to shut down bitcoin exchanges https://t.co/G1e1g97FpVpic.twitter.com/1YfNsPdXdl — RT (@RT_com) February 9, 2017Some experts say as bitcoin is becoming more valuable than gold it may edge out the precious metal as an alternative asset. The CEO of Euro Pacific Capital, Peter Schiff is more skeptical of the digital currency's future, calling bitcoin a "digital fool's gold."
referring to "Many people have looked at it as a proxy to gold and silver, with bitcoins, they try to minimise the quantity of it because that's what makes money valuable, that there's a sense of rarity. He told Marketwatch in a Facebook Live Q&A: "This is digital money; you know what happens sometimes with digital stuff, if you're not careful it could evaporate or it could just as easily be tampered with. "Whereas people look at other currencies across the globe, even the US dollar, you could print trillions and it becomes this unlimited thing, but the more you make of it, the less valuable each individual unit is."
referring to
Bitcoin beats gold by nearly 2.8 percent in per-unit price
Bitcoin, a mode of payment and digital currency, has for the first time topped gold in terms of per unit value. One unit of Bitcoin, as of Thursday's close of trade, was worth $1,268 against $1,233 per troy ounce of gold, BBC reported. The flow and verification process of the digital currency is controlled by encryption methods. Experts believe the rising demand for Bitcoin in China is the primary reason for the price hike observed yesterday. The digital currency, which offers the benefits of no state control and behind-the-screen transactions, is quite an appealing medium to trade with for many.read more visit us gold
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