For The First Time Ever, One Bitcoin Is More Valuable Than One Ounce Of Gold

For The First Time Ever, One Bitcoin Is More Valuable Than One Ounce Of Gold  #bitcoin

  • According to a CNNMoney report, the price of one bitcoin traded above $1,290 on Friday while an ounce of gold costs $1,228.
  • First, high demand for the digital coin helped push the price of a bitcoin higher throughout the year, although it did suffer a major setback.
  • The price of a bitcoin tumbled 30 percent earlier this year after authorities in China increased their scrutiny of bitcoin exchanges.
  • But some experts are finding it hard pressed to explain why bitcoin is more valuable than gold — a commodity that has existed for centuries as opposed to the digital currency that few have heard of in the late 2000s

    Related Link: Gartman: Bitcoin Is Nearly Incomprehensible At This Point

    Charles Hayter, the CEO of the digital currency comparison website CryptoCompare, told CNNMoney that there is no direct correlation between gold and bitcoin.

  • Hayter also said that the issue in China that plagued bitcoin earlier this year has now been “brushed under the carpet,” and any short-term woes will be erased over the longer term.

For the first time ever, one bitcoin is worth more than an ounce of gold. According to a CNNMoney report, the price of one bitcoin traded above $1,290 on Friday while an ounce of gold costs $1,228. There …
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JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

  • JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise
  • JP Morgan expects Scotland to split from Britain and establish its own currency.
  • Willie Fleming, director of the Scotcoin Project, an organization meant to promote and disseminate the cryptocurrency Scotcoin to the people of Scotland, concurs with JP Morgan’s stance on a successful independence referendum happening in the near future.
  • You’ll get 2000 satoshi for each new reader at the first 2 hours after article publishing and 1000 satoshi after this.
  • “The question of fiat currency is more complex and much will depend upon the relative performance of the pound and euro over the next few months.

Read the full article, click here.


@NextLevelFlash: “#Read – “JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise” #Bitcoin #New #BTC #Upd…”


JP Morgan expects Scotland to split from Britain and establish its own currency. Could Scotcoin, the Scottish cryptocurrency, rise to the top?


JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

JP Morgan Expects Independent #Scotland, New #Currency, Bolstering #Scotcoin’s Rise

  • JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise
  • JP Morgan expects Scotland to split from Britain and establish its own currency.
  • Willie Fleming, director of the Scotcoin Project, an organization meant to promote and disseminate the cryptocurrency Scotcoin to the people of Scotland, concurs with JP Morgan’s stance on a successful independence referendum happening in the near future.
  • You’ll get 2000 satoshi for each new reader at the first 2 hours after article publishing and 1000 satoshi after this.
  • “The question of fiat currency is more complex and much will depend upon the relative performance of the pound and euro over the next few months.

Read the full article, click here.


@CoinTelegraph: “JP Morgan Expects Independent #Scotland, New #Currency, Bolstering #Scotcoin’s Rise”


JP Morgan expects Scotland to split from Britain and establish its own currency. Could Scotcoin, the Scottish cryptocurrency, rise to the top?


JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise