Bitcoin Is Now Worth Nearly 3 Times More Than an Ounce of Gold

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 today'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.

https://www.coindesk.com/bitcoin-is-now-worth-nearly-3-times-as-much-as-gold/

This is a very stupid comparison, as we should be comparing the market cap rather than the prices in ounce. Because one ounce is not the same as one coin, and the unit is not similar. The only thing that can be compared is the market cap.

At some point the regular people will realize that holding Bitcoin instead of gold will be much more rewarding, and also offers far more convenience.

If that becomes reality, and they start unloading their gold bulk and convert all that value into Bitcoin, we'll be up for a few interesting decades ~ it simply has to be like that.

If we look at the cold hard results in terms of increase/decrease of the gold value in the last 5 years, gold has been down like 22%, where I don't even need to speak about the results that Bitcoin has generated.

Just hit me up when Bitcoin's market cap is at least 50% of the one from gold. As long as that isn't the case, there is no point in taking any of these news articles serious.

That's right. How long they are going to compare gold and Bitcoin? It is not a breaking news anymore.
Many experts was predicted that, but I really hoped that after the fork the price get double as minimum. But 3300$ is also nice result, at least it didn't fell down again.

sick and tired of this kind of "news"
by the way,the feed lists at least four! of the topics like this : bitcoin and gold,bitcoin costs three times as much,is bitcoin the new gold etc.
when a dog has nothing to do,he licks his balls
when a journalist or a columnist or a blogger has nothing to write about,he compares bitcoin and gold prices