People like to think of Bitcoin as a super-dollar and compare it to fiat, but I like to think of it as a metric ton of gold. That would mean each satoshi is the equivalent of a centagram of gold.
According to the USGS (The U.S. Geological Survey), about 244,000 metric tons of gold have been mined. That is about 537,927,920 pounds of gold, so Bitcoin is already rarer than pounds. Accounting for gold on the 16 Psyche asteroid and other planets, there seems to be a never ending supply.
Do you think this would make Bitcoin more precious than a metric ton of gold, especially considering it cannot be confiscated and travels at the speed of light?
Topic: Do you think a Bitcoin is worth more than a metric ton of gold? - page 2. (Read 223 times)
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