Bitcoin has overtaken gold for the first time

Mar 3, 2017

This article is published in collaboration with Business Insider.

Bitcoin has climbed above the price of one ounce of gold for the first time ever.

Image: REUTERS/Benoit Tessier

Elena Holodny

Writer, Business Insider

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The price of one Bitcoin climbed above the price of one ounce of gold for the first time ever on Thursday.

The cryptocurrency climbed to $1,241.30 around 10:20 a.m. ET. Meanwhile, gold was around $1,241.25 at the time. Bitcoin dipped below the yellow metal minutes later, but then bounced back again.

As of 10:41 a.m. ET, Bitcoin is up by 1.8% at $1,248.10, while gold is down 0.6% at $1,242.15. Image: Business Insider

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