Topic: What % of the Total Market Cap of Gold should Bitcoin represent? - page 2. (Read 6241 times)
December 14, 2016, 11:17:17 AM
Bitcoin is instantly verifiable, infinitely transportable and divisible and the supply is totally predictable. In theory it wipes the floor with gold. Only problem is that gold has thousands of years of racial memory which is a little hard to beat. At the same time I only know one person who has any money in gold and the youth of today seem very happy to abandon old crock stuff like privacy and cash.
December 14, 2016, 10:51:18 AM
Estimates put the Total Market Cap of Gold at around $7 Trillion.
Right now the Total Market Cap of Bitcoin is around $12 Billion roughly 0.15% of Gold.
If there were 20,000,000 Bitcoins valued at $100,000 that would equal $2 Trillion almost 30% the Market Cap of Gold. What is realistic?
I can definitely see how a $10,000-$20,000 Bitcoin may be possible. But you never know, Bitcoin is a revolutionary and convenient store of value in this digital era compared to Gold which is heavy, easy to steal, and more difficult to store, sell/transfer.
Right now the Total Market Cap of Bitcoin is around $12 Billion roughly 0.15% of Gold.
If there were 20,000,000 Bitcoins valued at $100,000 that would equal $2 Trillion almost 30% the Market Cap of Gold. What is realistic?
I can definitely see how a $10,000-$20,000 Bitcoin may be possible. But you never know, Bitcoin is a revolutionary and convenient store of value in this digital era compared to Gold which is heavy, easy to steal, and more difficult to store, sell/transfer.
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