2017/11/27

Bitcoin near $10K -- now seven times more valuable than gold - UPI.com
UPI reports: "The virtual currency bitcoin hit a new high of $9,700 on Monday -- making it worth seven times more than an ounce of gold. After starting the year with a value of just $1,000, the currency's value has skyrocketed 860 percent this year. Its value was listed at $8,000 just last week. The latest gains could be fueled by expectations of big investors, such as hedge funds and asset managers, pouring money into the currency."

Comment: I'm starting to follow Bitcoin news after being a bit late to the party. I looked into this a bit and it does appear that the underlying technology may be a potential platform to host a universal currency. The usual caveat applies:  I'm just following trends and don't know what the MOTB will turn out to be.