How Much Is Bitcoin Worth In Dollars?

One Bitcoin is currently worth around $1,000. The value has fluctuated wildly in recent months but the digital currency appears to be on the rise again. This chart shows how much one Bitcoin was worth per unit of gold in past decades:

Bitcoin is not backed by any government or central bank (so there’s no “safety” like with fiat currencies), and can fluctuate dramatically in value. Some analysts predict that bitcoin will replace gold as an investment vehicle due to its lack of volatility. But you shouldn’t count on this happening anytime soon — the current ecosystem isn’t completely stable or mature enough for investors to trust it yet.

Related: What’s behind Bitcoin’s meteoric rise? | FT Alphaville