The point we always thought will come to has finally arrived. Bitcoin now is worth more than gold. Its new goal of $1,268 has made it more valuable than an ounce of gold. Although it is attributed to a down on the price of gold plus an up in the Bitcoin price, this crypto currency has experienced quite an increase in price in the last year, since it has gone up more than 100%
The crypto currency has finally reached a new mark where anything in the legal world can compete with it. As the currency started to gain popularity, so did its price started a constant escalation adding more and more value to the crypto currency.
The current currency market is starting to trust more and more their finances with this digital option. This wasn’t the case years ago, but now, given the fact that violating Bitcoin security could cost a lot more than the currency itself, which makes having these coins much more attractive.
In addition, the current state of politics in the world is making easier to choose to exchange any other currency you might have for this secure coin. It has only gone up since the news told about the Brexit outcome and the Trump victory in the US but more recently, restrictions in countries like China, Yemen, and Venezuela have made it surge its value.
Even though Bitcoin has not proven itself as a currency that can reach higher popularity outside the digital world, more and more businesses are taking chances online by accepting it as the newcomer it is. Now, at the light of this news, Bitcoin is starting to cement itself as a trustable, able to spread form of money.
What is expected of this currency shortly is yet to be determined but one thing is sure, its rise can only mean that it could make itself as a trustable form of savings believing that it could stay in the status it has today.
If this digital coin only rises to new heights, there are many things to be expected from it. Investment isn’t going to decrease for this new form of money, and more people see its advantages.