Aug 17, · Since there are 32, ounces per ton, we're talking about billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,, the world's gold supply. Dec 17, · The fact that bitcoin has low market capitalization shows its potential to increase in value in the future, with similar market capitalization with gold, it may become the most valuable asset in world history. Volatility. Bitcoin value increased sharply during the cryptocurrency market boom of /, it enjoyed a lot of attention from Author: NM Partners. Aug 18, · Gold Versus Bitcoin: Market Cap At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $ billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation.
Bitcoin compared to gold market capBitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets | Cryptowatch Blog
Every day, a fairly predictable amount of bitcoin is emitted into the economy, unlike physical commodities like gold, which vary more widely in production. One area that gold can clearly trump Bitcoin is in its history as a scarce asset. Gold is well known for having a year history as a store of value and medium of exchange. For centuries it has been hoarded by kings, private individuals, nation states and central banks. In contrast, Bitcoin has only 11 years and 7 months record as an operational public ledger.
However, since going live on January 3rd , the Bitcoin network has maintained an uptime of Other more recent narratives for Bitcoin include being a reserve currency for crypto—think liquidity for much smaller cap ETH, USDT, etc—and as a negatively correlated asset to more traditional financial investments. There is no guarantee that this will happen—but central banks must be holding all that gold for some reason, right?
What are the long term implications for scarce assets like gold and Bitcoin? View all posts by coinsmash. This site uses Akismet to reduce spam. Learn how your comment data is processed. Skip to content. Pure gold leaf suspended in water Properties: Digital Bitcoin vs Physical Gold Gold is one of elements on the periodic table.
The Demand for Bitcoin is a Demand for Money. Where Google Finance prices are unavailable, prices are taken from Bloomberg. Not pic. Bitcoin versus Precious Metals. That is half a million dollars for Europeans confused by the comma sign. This is an old but a good tidbit on this subject:. TheStalwart barrysilbert pic. Bitcoin now has a larger market capitalization than silver, twitter and Dropbox — Thanks for the data bravenewcoin pic.
It was pointed out to Dixon that he was selling snake oil. He did not correct the false information he distributed, which is a worrying trait. BambouClub SimonDixonTwitt bravenewcoin 2. Last word on Bitcoin and Gold. Bobby Lee makes some interesting observations about the mining of Bitcoin and Gold in China. How do you measure the market cap of a currency? What Europeans call current accounts.
It excludes less liquid, broad money, notably money held in time-deposits savings accounts. Bitcoin Money Supply was 41 in global rank on 1 Jan Now USD M1 changes over time. Usually, it grows — much more quickly than the supply of Bitcoin measured in BTC — and, very rarely, decreases. The MS for Bitcoin presently is It will rise to a maximum of 21 million.
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The financial mobile app is fast becoming the benchmark for other mobile apps in the Nigerian banking space. Get the scoops and market intelligence that can help you make better investment decisions right in your mailbox. Connect with us. Share Tweet. Related Topics: Bitcoin Patricia. NM Partners. Click to comment. Leave a Reply Cancel reply Your email address will not be published. Comment Name Email Website. Paid Content inq. Digital Nigeria limited unveils new solutions inq.
Published 3 hours ago on December 25, By NM Partners. Continue Reading. Published 1 day ago on December 24, Financial Services Switch by Sterling: The remittance game changer Subscribers to Switch will enjoy unlimited and seamless access to transfer money from abroad like regular wire transfers.