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 $US1,241.30 around 10:20 a.m. ET. Meanwhile, gold was around $US1,241.25 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 $US1,248.10, while gold is down 0.6% at $US1,242.15.

Get the latest Bitcoin price here.

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