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So expensive: on Thursday, the Bitcoin exchange rate for the first time exceeded the ounce of gold

Yesterday, Bitcoin overcame a new psychological frontier: one coin began to cost an ounce of gold. This is already the second bitcoin breakthrough since the beginning of this year - at first the cryptocurrency broke the $ 1,000 mark, and at the time of publication the article was already worth $ 1,293, $ 70 more than an ounce of gold ($ 1227).




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Troy ounce, which is slightly more than 31 grams, is an accepted unit of measure for the weight of gold. This is the weight of one gold coin:


The coin in the picture weighs exactly one troy ounce.

Of course, this is a convention. If troy ounce weighed twice as much, then the news "Bitcoin is more expensive than gold" would have run through the world news feeds much later. Nevertheless, historically, this is how the psychological line has been overcome.

When we discussed the factors that influenced the Bitcoin rate last year, we listed many factors of instability: Brexit, unexpected results of elections in the USA, hacking exchanges - and other small and big events. As a result, Bitcoin, by its very nature independent of the successes, failures, and intentions of governments and individuals, grew throughout the year.

But we would not want you to get the impression that Bitcoin grows only on the negative. In recent years, a huge infrastructure has grown around Bitcoin. The exchanges have become more, the withdrawal has become easier, there are more opportunities to pay with Bitcoin - you can even issue a bitcoin debit card , for example.

At the same time, there are no speculators behind Bitcoin, like any financial pyramid, with which the cue ball are constantly willing to compare, but a large and advanced community: pinch specialists, world-class banks and financiers, blockchain startups, and other cryptocurrency enthusiasts, whose success tied to bitcoin, which, like a locomotive, drags the entire industry.

Because bitcoin is not only a financial tool, but also a technological innovation. Blockchains and cryptocurrencies are already slowly changing our lives, offering new ways of storing data and promising faster, easier and cheaper transactions .

I'll tell you one story: in December 2016, a reporter from one of the publications asked HashFlare to give a forecast on the cost of Bitcoin for the new year. At that time, it cost about $ 800. One of the founders of the company said with confidence that by the new year Bitcoin will cost $ 1000. But in the end we decided not to speculate with concrete figures, and responded with more general words. But for the new year, Bitcoin still broke the ceiling of $ 1000. What we conclude from this? That we should be a little less ashamed of our belief in Bitcoin, and that in today's world is perhaps the best way to preserve and increase our savings. Already even better than gold. In the end, we are a mining company.

Mine before it's too late:

Source: https://habr.com/ru/post/402015/


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