Cryptocurrency  Bitcoin more valuable than gold

Astonishing as it may sound, virtual currency, or cryptocurrency suddenly surged past the price of an ounce of gold on Friday, where Bitcoin was being traded for $1292.7 at 7:03 am in New York, while an ounce of gold was being traded at $1226.9. The surge is reportedly attributed to tighter currency restrictions in China, India and Venezuela and partly due to speculations over prospects under the Trump administration.

 

wp-image-1823322744jpg.jpgCA Vikram S. Mathur
04-Mar-2017 | 08:39 Hours IST