November 29, 2013
And then Bitcoin collapses 13% minutes later…
It seems the growing tensions in Asia (Japan-China sabre-rattling and Indian capital controls) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold…
1 oz of Gold = $1241.98 (Bloomberg)
1 unit of Bitcoin = $1242.00 (Bitcoinwisdom.com)
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