Nov 11, · Should bitcoin cash flip the market cap of gold given current data, the resultant price is a shimmering $, per coin. None of this is to factor in . 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. Aug 17, · If each ounce was worth about $1,, the world's gold supply would have an implied market cap of $ trillion dollars. That's more than .
Bitcoin vs gold market capShould You Buy Gold Or Bitcoin?
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Cookies ensure that we give you the best experience on our website. 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. You know the story, the best-performing currency in , , , , A Reserve Currency is a one that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.
Reserve Currencies are normally considered to be hard or safe-haven currencies. Source: IMF. MS of Bitcoins vs. Plus Gold, CNY. EUR excluded. That could happen in the next one or two years. This is important — status as a Reserve Currency creates a significant additional demand for that currency independent of other sources of demand, such as for payment and for investment.
So if the Pound Sterling was not a Reserve Currency, for example, its international buying power would be much weaker. Plud, Gold, China, Bitcoin. Can bitcoin reach world reserve currency scale? Finally, it is evident from the MS table that something very interesting is happening in Switzerland.
They love cash. UK population 64 m. So, the Swiss Government enables its citizens to hold cash. Add to that the facts that Switzerland is the wealthiest nation in the world per capita , and that they have one of the highest rates of gun ownership in the world and they sell Bitcoins at every Railway Station — I wonder why everyone else does not just copy and paste what Switzerland does.
It would not surprise me if they start to buy Bitcoin for their reserves. My prediction here is that by , governments will become the largest buyers of Bitcoin, pushing the price up to new highs. This is the first in a two-parter. 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. Then how are you going to pay for things on Mars? Share this: Twitter Facebook. Like this: Like Loading Tagged bitcoin Gold. Published by coinsmash. Published August 4, August 5,