The price of one Bitcoin climbed above the price of one ounce of gold for the first time ever on Thursday.
The cryptocurrency climbed to $1,241.30 around 10:20 a.m. ET. Meanwhile, gold was around $1,241.25 at the time. Bitcoin dipped below the yellow metal minutes later, but then bounced back again.
As of 10:41 a.m. ET, Bitcoin is up by 1.8% at $1,248.10, while gold is down 0.6% at $1,242.15.
- Business Insider/Andy Kiersz, data from Bloomberg