Bitcoin breaches US$2,000, outperforming gold by wide margin
The price has soared by 377 per cent in the past twelve months, dealers report
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London
BITCOIN has broken through the US$2,000 barrier as growing numbers of individuals and speculators are buying the virtual, digital currency as a safe haven.
So much so, that Bitcoin, priced at US$2,004 on Saturday, has outperformed gold by a wide margin and now exceeds the bullion price by a whopping 60 per cent. A key reason is the shortage of bitcoins, compared to large supplies and stocks of gold.
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