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http://www.crypto-economy.net/wp-content/uploads/2017/01/oro-vs-bitcoin.jpg

The value of the bitcoin, the dematerialized currency, surpassed for the first time that of gold. The rise in Bitcoin is due to strong demand in China.


**A bitcoin was worth $ 1,281.96 (€ 1,215.87) on Wednesday, March 3, while an ounce of gold was trading against $ 1,227 (or € 1163). This is the first time that the value of dematerialized currency, created in 2009, exceeds that of gold, used as a means of payment and exchange value for nearly four thousand years.**

This exploit demonstrates the resilience of the bitcoin, often criticized for its role as a preferred means of payment for criminals who appreciate transactions outside the banking channels and are therefore much more difficult to control. The overnight collapse in 2014 of Mt Gox, which was then the largest bitcoins exchange platform in the world, had also hampered the credibility of this dematerialized currency.

http://static4.businessinsider.com/image/5298a709eab8eaf56dd2176e-800-/Bitcoin%20vs%20gold.png

But she survived and is doing better than ever. The main reason for his return to grace comes from China. The use of Bitcoin increased by 200% in one year, despite the authorities' efforts to limit its use.

**Coin War in China**

The Chinese are rushing on this currency, because it allows to disburse foreign currency discreetly from the country, stresses the British daily Financial Times. The yuan is at a very low level compared to other currencies, which prompts the Chinese to want to exchange their reserves against stronger currencies, such as the dollar. The authorities are trying to avoid this capital flight, and the use of bitcoin makes it possible to avoid state control.

Behind the current good health of the bitcoin, there is therefore a monetary battle raging in China. If Beijing manages to better control the transactions, the bitcoin may not continue to shade the venerable gold standard for a long time.




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