1 Bitcoin is worth more than 1 oz. of Gold: Why? So what?

1 Bitcoin is worth more than 1 oz. of Gold- what does it mean? Why is it happening?

The USD value of a bitcoin has, for the first time, surpassed the value of 1 troy ounce of Gold. What does it mean? Is it China, using bitcoin to circumvent regulation for asset flight? Is it a consequence of India removing it’s largest denomination cash out of circulation? Or Japan, becoming the first nation to fully embrace Bitcoin as legal tender?

Maybe it’s a certain pair of brothers, much closer to home… Read my thoughts, as shared with the Christian Science Monitor, on the rise of bitcoin’s price past that of gold, here.

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