Could Bitcoin become the new gold standard for currencies? It would seem within the realm of possibility as the popular cryptocurrency is now more valuable than gold for the very first time. Following a crash in 2015 that resulted in a low of just $200 USD, a single unit of Bitcoin is now worth $1,238.11 USD, thus surpassing gold's value of $1,237.73 per ounce. As Engadget points out, gold has long been considered to be one of the most secure bets in the investment world since it's less volatile...
Could Bitcoin become the new gold standard for currencies? It would seem within the realm of possibility as the popular cryptocurrency is now more valuable than gold for the very first time. Following a crash in 2015 that resulted in a low of just $200 USD, a single unit of Bitcoin is now worth $1,238.11 USD, thus surpassing gold's value of $1,237.73 per ounce. As Engadget points out, gold has long been considered to be one of the most secure bets in the investment world since it's less volatile...
Share this Article
Recommended