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I cheer that the price of Bitcoin is now over that of 1 oz of gold. Great.
But, I recently read that Bitcoin does not have history (this of course is not a new idea), it has no long-term record of going through the cycles of economic and even political history. Bitcoin is unproven going into the future.
Bitcoin has shown itself to be reasonably sturdy in recent years and is catching on, more slowly than I would like, as a payment mechanism (a currency).
There are many facets of looking at the price relationship of Bitcoin and gold. In this thread, I invite comments re history and its relevance on gold and Bitcoin as Store of Value, now and into the future.
It is worth noting (in my eyes anyway) that you can't actually buy 1oz of gold for 1 bitcoin yet, or where I have looked it is still 1.00x BTC for an ounce.
Bitcoin is far more volatile than gold, that is a good thing at the moment, as gold is slowly falling/stagnating, but Bitcoin is rising quickly.
I will get some gold in the near future, but Bitcoin is far more exciting to me at the moment, but it can quickly become more scary too when it drops like a stone!