A while ago I wrote this post Fight!!!!! Silver versus bitcoins, at the time it seemed incredible that bitcoins had actually overtaken in price one ounce of fine silver.
The even more unthinkable is now becoming real as bitcoins are ready to overtake the price of an ounce of pure solid gold.
Heres a chart from TradingView of XAUUSD (Gold) against the price of bitcoins on Mt Gox.
The one at the top thats heading down and has lots of red candles, thats gold. Bitcoins is doing what it’s doing, which is unprecidented and frankly berserk.
Has bitcoins actually surpassed gold yet?
Holy bitcoins! If this charts are accurate it came within like a few dollars just now.
Is gold losing its tarnish? Its gold! Its beautiful, how can this be?
“Gold Always believe in your soul You’ve got the power to know You’re indestructible Always believe in, because you are Gold”