Bitcoin's price has reached parity with the per-ounce spot price of gold, according to the CoinDesk Bitcoin Price Index (BPI).
The per-ounce spot price for gold is $1,237.73, according to the XAU/USD spot exchange rate provided by Bloomberg Markets. Bitcoin's price, by comparison, is at $1,238.11, having opened the day at $1,230.02, BPI data shows.
The move follows a break to new all-time highs for the price of bitcoin, which began the year by crossing the $1,000 mark.
The Price of Bitcoin is Now Worth One Ounce of Gold