Of course, Bitcoin enthusiasts have long compared the cryptocurrency to gold, calling it a more effective store of value due to its digital and finite nature.More than five months after bitcoin and gold prices hit parity, bitcoin is now worth nearly three times as much as the more traditional store of value.
The price of bitcoin reached a new high above $3,400 during 7 August's session, a figure that was more than $2,000 above the price of gold. At press time, the precious metal was trading for $1,257, according to a spot exchange rate provided by Bloomberg.
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