Monthly Archives: February 2017

Please stop comparing the price of one bitcoin to the price of one ounce of gold

TL;DR: One bitcoin is to all bitcoins what 364 troy ounces of gold are to all gold. At the time of writing, one bitcoin is worth $1,181, whereas 364 troy ounces of gold are worth $458,276. What does this mean? I don’t know, but it is better than comparing the price of one bitcoin to […]