Bitcoin Is Worth About 17 Ounces Of Gold

Bitcoin Is Worth About 17 Ounces Of Gold The cryptocurrency Bitcoin, which multiplied its value in 2020, is now worth about 17 ounces of gold. The price of bitcoin in terms of gold rose to the highest level in its history. Thus, the price of one Bitcoin is equal to the price of 481 grams of gold. Leading cryptocurrency Bitcoin reached its all-time high after surpassing $ 34,000 on Sunday. Thus, the price of Bitcoin in terms of gold was almost the equivalent of 17 ounces (481 grams) of gold. In 2017, the value of Bitcoin increased to 15 ounces gold, then declined to 5 ounces with sales. Beginning 2020, Bitcoin was equivalent to almost 5 ounces (141 grams) of gold. Starting 2020 at the level of 7,500 dollars, Bitcoin gained around 310 percent in value and its value increased to the level of 30 thousand dollars. Ounce of gold started the year at the level of $ 1,550 and closed the year at $ 1,900 with an increase of 24 percent.