Equity Tips, Bitcoin now more valuable than gold, close to $1300 on ETF talk

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What many have termed as virtual gold in the past is now worth more than the actual yellow metal itself. Bitcoin, now trading at the all-time high, has overtaken the per-ounce spot price of gold, as per the CoinDesk Bitcoin Price Index (BPI) and XAU/USD index. The per-ounce spot price for gold was at around USD 1,227 in overnight trading. Compared to gold, bitcoin's price is at USD 1,282 as per BPI, during the filing of this report.

After breaching the USD 1,000 mark the cryptocurrency has been touching new all-time highs since the past three trading sessions and is now close to breaching the USD 1,300 mark.