Bitcoin is now worth more than a 20 ounce gold bar

Bitcoin is now worth more than a 20 ounce gold bar


Bitcoin’s meteoric price rise is showing no signs of slowing down and its latest all-time high has priced the asset higher than a 20 ounce gold bar.

Over the past six hours, Bitcoin prices topped $40,000 briefly according to Tradingview.com. The move has added a further 5% over the past 24 hours and the rally is showing no signs of cooling down yet.

Industry observers often call Bitcoin “digital gold” as it is a store of value asset, and this latest price peak pushed prices higher than those for the standard 20 ounce gold bar.

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At the time of writing, gold was currently trading at $1912/oz according to Goldprice.org, so a 20 ounce bar would set you back $38,240. Bitcoin’s price, taken at the same time, was a little over $39,000.

It now takes more than an entire, 20 ounce, gold bar to buy a single #Bitcoin pic.twitter.com/B8YsAgyRJL

— Documenting Bitcoin (@DocumentBitcoin) January 7, 2021

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