Take a peak at the graphic above (source: this Reddit post). It’s a comparison between the price of Bitcoin and the price of gold in the United States. As of yesterday, the price of Bitcoin has actually exceeded the price of gold here in the states, making it one valuable asset. This news comes as the value of gold has steadily been decreasing this year. Meanwhile the price of Bitcoin has been growing this year, particularly in the month of November.
The digital currency has more than doubled its value this month alone, but the question remains, will it keep it up? We ask this in many of our posts, simply because it’s an important question. Bitcoin can go from $1,000+ value back to where it was overnight.
Let’s all keep our eyes on it.