In 2011, Gold Was Worth 584 Bitcoin an Ounce, Now 0.15

Gold is often compared to Bitcoin, but let’s look at the differentiation of their actual price. At the prices of today, 1 oz. Approximately 0.15 BTC of gold. To compare, 1 oz. In 2011, the value of the metal was 584 BTC.

Gold is often claimed as a cover for global calamity. Commonly viewed by investors as the “safest bet,” it has been proven to be resilient over the years and even significantly appreciated in value. However, the slow uptick of gold pales compared to the parabolic rise of Bitcoin’s own.