On Friday the decentralised crypto-currency Bitcoin, which passed the $1,000 (£611, €735) mark earlier this week, was briefly worth more than an ounce of gold, which will be seen by many supporters of the currency as a symbolic tipping point in the rise of the digital currency.
Bitcoin today hit a high of $1,242 on Mt Gox, the world's biggest bitcoin exchange, beating the price of gold which was $1,241.98 at the time. At the time of publication, bitcoin's value on the exchange has dropped back to around $1,160 while an ounce of gold remains relatively steady at $1,247.
The mysterious currency, which is not governed or regulated by any central bank, has gained widespread media attention this year due to its surging value - along with multi-million dollar thefts of the digital coins - and its associations with the darker parts of the web.
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