Current BTC Price in Gold (Ounces)
Current BTC Price in Gold (grams)
Why did we make this chart?
Gold has traditionally been used as money, and its supply isn't manipulated by central banks. Many believe gold is actually the best way to properly measure bitcoin's value, since the value of fiat money is always changing.
Many feel that comparing the price of Bitcoin to Gold is a better method than comparing it to a fiat currency like US dollars. That is because Gold, like Bitcoin, has a finite supply. Conversely, Dollars are constantly being printed and will likely never stop, so the supply of dollars is always rising tremendously. Gold is also not manipulated by central banks to achieve monetary objectives (like encouraging spending). Gold is, therefore, an asset much more similar to Bitcoin, both in its properties and use cases.
Why is the chart missing pre-2013 data?
The source where we get out data from does not have data from before 2013. We are working on a fix for this though.
Gold vs Bitcoin
Despite being the leading form of money over the past few millennium, gold lost its luster in the 1970’s as governments looked to unchain themselves from the financial responsibility that gold imposed. But the fiat money experiment of the past 4 decades is fast coming to an end, and the search for a new currency continues to rage on. Now with another changing of the guard upon us, can the new digital currency known as Bitcoin take over? To help put things in perspective we compare gold and Bitcoin here to see their similarities, differences, and their possible roles in a post-fiat world. Which, if any, is better suited to displace fiat money?