Bitcoin, the Internet (digital) currency, is now worth a lot more than an ounce of gold. That is, at least for now. As of Monday of the penultimate week, one bitcoin traded at $2,893, at a time when gold was trading at $1,292 an ounce.
The price of gold reached an all-time high of $1,920, and that was on 6 September 2011. As of the time of this writing, the bitcoin exchange rate is $2,893, and the price of an ounce of gold is $1,320.
Thus, despite the ups and downs with bitcoin, the currency seems to be here to stay, as it does not seem that any governments can stop bitcoin trading. Moreover, there are now bitcoin traders virtually everywhere in the world.
source: dailytrust.com.ng