Friday, May 14, 2021

Bitcoin Twice as Expensive as Gold as Buying Frenzy Bites: Chart

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The bitcoin frenzy just got crazier. The cryptocurrency is now worth almost double an ounce of gold, with a single coin priced at about $2,450. While both are sought as a financial haven in times of political and economic uncertainty, industry executives say the surge in bitcoin is also driven by investors moving to a more established digital asset from riskier versions as more companies embrace the underlying technology. Some are concerned there’s a bitcoin bubble in the making.

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