Bitcoin Chart - Parity
Jack Davis | Mar 03, 2017 12:28
Originally published by Chamber of Merchants
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Well... there it is. Bitcoin at $1266 USD... Historically, it reached parity with gold and surpassed it.
Once again…If I were charting a stock, this would be the point for me to exit.
It just so happens that this is bitcoin… which makes no difference to me whatsoever.
Unfortunately I don’t own bitcoin. So I can’t exit, as much as I’d like to…
Now…just a reminder… That you can’t technically say that bitcoin is worth more than gold.
That’s because you can’t have an ounce, gram or kilogram of bitcoin to compare it to an ounce, gram or kilogram of gold.
Nonetheless, bitcoin has made another milestone in its valuation against the US dollar.
Well done, bitcoin. You are the thorn in a gold bug’s side.
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