Topic: So I made some calculations today (Read 2917 times)

Just mentioning Bitcoin just have value because we are in a modern world society, without powerful technology Bitcoin loses all its price and Gold rules as it's a physical asset and exists since the beginning of the world, being useful since thousands of years ago and still is now even on the modern world. If the world as we know today colapses, Bitcoin will colapses and the man will return to his origins.

I believe the virtual can't replace the physical forever.

If as your said, your thought are Bitcoin in future can growth more, even x100 the price at now is possible right? Bitcoin and Gold very difference, both are good asset but the volatility of Bitcoin higher than Gold, it cannot stable like Gold after increased up.

Yes that is unbeliable, i just can not realize why bitcoin is still so cheap, it has a lot of ways to grow toward four digits. I think we need more promotion. But at the moment bitcoin is just like the gold, but the electronic gold, and ethereum represents the electronic silver.
But yes, bitcoin is obviously gonna reach those prices, it is unstoppable.

Thats very nice information and all people in the world does know about gold and several does use it as store of value, imagine half of them know bitcoin and 20% invest into bitcoin, i do see bitcoin and crypto getting very near those gold power on the next 20-30 years, all it requires is legalization and merchants to work with crypto and price will follow those demand. Just an update to follow the bitcoin value, $72,441,993,792 something like 12x then March report.

I think less - it can be 5 - 10 years. We already have signals that big companies are interested in Bitcoin (Sony, Burger King). Some big countries already make research to use Bitcoin as a currency. It can be faster than we think

For something like this to happen, you need mass adoption of Bitcoin worldwide, 4 years is too short. Gold is acknowledged by everyone to be valuable, it is something tangible that even people in their 80's or older can easily recognize. Bitcoin is a new generation thing and at the moment attracts only people that are technologically savvy. When we've reached a point where the oldest person on earth was born after Bitcoin was created, Bitcoin will have been universally assimilated. Of course we might not need to wait that long  

Bitcoin is far better than gold. And today is the best day to invest more in Bitcoin. The previous comments are correct, sooner we will see bitcoin at the price of $20K or $50kf in the next 10 to 20 years. In fairness nice calculation.

So I made some calculations today.
The total world's wealth is estimated around $241,000,000,000,000 (source), the total value of all the gold in the world is $7,290,669,617,313 (source) and bitcoin's market cap as of now is $6,382,047,520 (source).

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. It then seems pretty down-to-earth to say that we will definitely get there before 2020 if nothing goes wrong. 6 digits though, would put us very close (or even above) gold's value, which is hard to imagine at the moment. The millions have already been made but there is still a lot of money to be made with bitcoin and we now have something that pioneers didn't have: stability. Stability is a great thing because it allows for a reliable store of value. I thinks we've actually reached a pretty good balance between prospects and safety of investment.
In other words: we're only waiting for metallurgists to find a way to melt tungsten and gold together. Ok we might have to wait for a while  .

(Also, Ethereum's market cap is already $1,061,551,795, roughly 17% of bitcoin's. Meanwhile everyone is still wondering what the heck it can be good for and no one seems quite sure that the price is high enough as is  .)

Bitcoin is far better than gold. And today is the best day to invest more in Bitcoin. The previous comments are correct, sooner we will see bitcoin at the price of $20K or $50kf in the next 10 to 20 years. In fairness nice calculation.

But that is because we have been mining gold for thousands of years, bitcoin in the other hand has only been mined for 9 years, gold is still king even if the price of each bitcoin is bigger than an Oz of gold the market cap of gold stills dwarfs bitcoin, we still have a long way to go if we want to change that.

Being 0.08% of the golds total value on the earth have you seen gold going all above 4500 USD at anytime? I think no, never, that's the uniqueness of the bitcoin and the value it holds. Try recalculating your math in comparison with price of the assets that they are holding currently. And compare with the worlds market capitalisation for each of them. I'm pretty sure you will come up with different results, obviously bitcoin being on the brighter side of the math.