1 BTC = 20 oz of Gold today

[coingecko]

Chart from https://www.coingecko.com/en/coins/bitcoin/xau


Bitcoin is going to challenge Gold as the digital store of wealth

In the 2013 run up, 1 BTC = 0.67 oz of Gold

During the 2017 bull run, 1 BTC = 15 oz of Gold

1 BTC = 20 oz of Gold today

[CreativeCoin]

It's nice to see these statistics. Oil is also equated with gold and is called black gold, considering it in this way, one can clearly understand that BTC has already firmly become a resource that is simply indispensable today.

[AngelaT34534]

Digital gold, Bitcoin! By the way, it’s much more convenient to go out with a bitcoin than with 20 ounces hhhh。

[blockman]

Bitcoin's price is getting higher and higher and that will also impact to its conversion into other investments and commodities like gold and silver. But if I'll be choosing any of them.
I wouldn't take time to convert it to any of those. Just take those gold and silver, while I'll be taking and won't exchange bitcoin and will just keep it.

[Lorence.xD]

It's nice to see these statistics. Oil is also equated with gold and is called black gold, considering it in this way, one can clearly understand that BTC has already firmly become a resource that is simply indispensable today.

Black gold was just a metaphorical phrase for gold, they are both valuable and the color of oil is jet black. I think that you are hyping too much about bitcoin, it is not a resource, it is more of an in between of currency and asset, resource is something that is expended to create something or to function effectively. Resource is something like fiat money, materials and energy source.

[rokon1234]

The price of almost everything changes with the passage of time.However, I am really surprised to see the price of bitcoin.I think the price of bitcoin will go to a better level in the future than Gold and at some point 1 BTC Will be 40 oz of Gold soon.

[hugeblack]

What is the benefit of comparison, you are comparing a variable price to something fixed, which is gold. The core of the comparison would have been the healthy growth rate of Bitcoin compared to gold.
When the market capacity for Bitcoin is large enough with the corresponding growth in demand, we will see a logical growth that can be compared to gold, perhaps we will compare each Satoshi with gold.

[Bitstar_coin]

Agreed with hugeblack, Gold price is almost stable with few occasional increase unlike btc that can increase by %5 to %10 in an instant, the comparison is not proper besides gold has other value physically more than btc, comparison shouldn't be on monetary terms only, you can't compare btc and gold in physical term because gold is far more valuable in that aspect.

[pakhitheboss]

Comparing Bitcoin with Gold on the basis of price increase will not increase the adoption. Gold has a stable price and is mainly a commodity which is use for ornaments. With Bitcoin the price does not remain stable it is always volatile and at the moment it is more like an asset rather a commodity.

The other reason why we should compare Bitcoin with gold is because Bitcoin is virtual whereas Gold is not.

[In the silence]

The price of almost everything changes with the passage of time.However, I am really surprised to see the price of bitcoin.I think the price of bitcoin will go to a better level in the future than Gold and at some point 1 BTC Will be 40 oz of Gold soon.

Seeing the progress of bitcoin and how it evolves for over a decade seems really promising. We didn't even expect bitcoin to have this massive value from the start.

[n0ne]

This is really interesting, how bitcoin has grown against gold with time. The difference in growth between the year 2013 and the present year is really big. From 0.67 oz to 20 oz of gold for a bitcoin makes most of the gold investors move towards bitcoin investment. Earlier people doesn't have trust over bitcoin, and now scenario has changed experiencing the growth.

[BrewMaster]

i remember a couple of years ago people were intently watching "parity" and were counting the days and dollars until price go to that point. but suddenly bitcoin blow past that parity with gold that everyone was shocked and awed that they forgot all about it and that target became yet another price that we will never see in our lifetime again.

nowadays people don't seem to care about this type of parity anymore which is a shame in my opinion, it was cool to watch the growth.
1 Lambo was also a thing for some time.

[Chuky92]

Gradually Bitcoin has successfully created a lasting impact in the world, such that when people sees it, they liken to other valuable assets, and who would have thought that one day, Bitcoin will be worth such price, and with a brighter future ahead still have more room to grow even more. However, irrespective of the value of Bitcoin, Gold will still continue to retain its value and worth in the sight of people and government, that is, most people don't joke with their gold materials and the government don't joke with their gold reserves, this is to show the extent Gold has reached over the years. However, holding or investing in both is still a good idea, as both of them will continue maintaining their worth as days goes by, although Gold seems to have an upper edge owing to its price stability.

[verita1]

Here are some hilarious memes in retrospect of bitcoin and gold.

https://twitter.com/danheld/status/1355239247838474240?s=19

https://twitter.com/TecInvestors/status/1355141421414703107?s=19

Happily we have awakened, thank God there is freedom. We can freely choose what we think is best for us.

By the way we are living a true revolution where we can raise our voices and break ties.

Bitcoin is our flag and we must not neglect it because it opened the beginning of this revolution, "The disruption of money."

[skarais]

I believe that everyone has the right to choose what they want and believe in as a long-term investment asset. Bitcoin and gold will always be compared, but the best of both depends on how they value this asset as an investment instrument in their favor. Bitcoin is risky, gold is risky too, but the two have different ranges of risk. I believe both of these investment assets give investors an advantage, but the scarcity of bitcoin has pushed its price up high enough that gold appears to be losing price.

Bitcoin may still fail at a later date (technically) so it will lose its value and be replaced by other cryptocurrencies. But nothing is going to make gold a failing asset in my opinion.

[yhiaali3]

Bitcoin may be a digital store of wealth, but it will not be the primary store because it is immaterial and humans by nature only trust material things, in addition to the large fluctuations in Bitcoin prices, for me I prefer to use both, Bitcoin as a store of digital value and make profits through huge volatility, and gold as a store For material value and a guarantee of fluctuations.

[Kittygalore]

This is really interesting, how bitcoin has grown against gold with time. The difference in growth between the year 2013 and the present year is really big. From 0.67 oz to 20 oz of gold for a bitcoin makes most of the gold investors move towards bitcoin investment. Earlier people doesn't have trust over bitcoin, and now scenario has changed experiencing the growth.

Even if bitcoin is getting a higher value than gold, we can't brush off the fact that gold is still valuable as it is. We have to accept that not everyone is going to accept bitcoin when a mass adoption comes. There will be old fashioned people that would want to get their hands on those shining metal. I do love gold too but I do like that bitcoin grows more valuable than ever, but I do not think that gold investors will not just suddenly move from bitcoin even if they find bitcoin more valuable, remember that gold has a steady price fluctuations that is not as volatile as bitcoin is right now and countries will strongly disagree with bitcoin dominating the investing world.

[MyCryptoDomains]

gold is at only $1789 right now. it's sad for gold bugs when you've been right about the sucky fiat but picked a wrong (so far) solution.

[barbara44]

This is a very good observation and we know it that this is the least that this will reach, there is still more heights for it to go and w are soon going to something higher than this. This last bull run has been quite different, I was expecting it to end in January just as the bull run in 2017 did, but this one is totally different.

We are in the month of February now and Bitcoin is still being bullish and not even dropping at all. Just look at how it has been moving, the price moved to 30,000 USD and some of us thought that the bull run was done and we are being dragged into the bear market, but now the price is 37,000 USD.

[dothebeats]

It's just amazing how everyone back in 2013 - 2015 were ridiculing bitcoin for being a one time, big time fad that will never return to its former glory after the 2013 ATH has been popped. Now some of the prominent figures on that side of the fence have jumped over and are enjoying the profits that they are having on bitcoin, which is nothing comparable to gold these days. I understand that the gold bugs are still standing strong on their ground and maintaining that 'intrinsic value' rules over anything when it comes to keeping value, but the world is starting to think otherwise.