Nov 11, · Gold’s market cap is $8 trillion, while Bitcoin’s is just $ billion. While around 50 times lower at present, Lee thinks a reversal could come as soon as “I predict the #flippening will happen within 9 years and $BTC will shoot up past USD $,,” he wrote. #Gold is at about $8 trillion today, which is 50x the worth of #Bitcoin. Nov 11, · Should bitcoin cash (BCH) flip the market cap of gold given current data, the resultant price is a shimmering $, per coin. None of this is to factor in changes in demand, tech innovation, adoption, etc., for better or for worse. Bitcoin Gold is down % in the last 24 hours. The current CoinMarketCap ranking is #85, with a market cap of $,, USD. It has a circulating supply of 17,, BTG coins and a max. supply of 21,, BTG coins. The top exchanges for trading in Bitcoin Gold are currently Binance, Huobi Global, OKEx, 24crypto.de, and HitBTC.
Market cap gold bitcoinCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
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. Stay tuned! BambouClub That was a great article you shared. Please update. Could you be next big winner? I consent to my submitted data being collected and stored. More analysts than ever are encouraging young people to take advantage of the current market dip and begin investing in Bitcoin for retirement.
Share Tweet Send Share. Prev Next. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years. Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction. Bitcoin saw its first spike at the end of , marking its first cycle of increases.
Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility. Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar. As the US Dollar seems to drop, both Bitcoin and gold rise in value.
Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time. If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe.
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