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. Dec 07, · Mikhailovich says it’s nonsense, warns governments will ban Bitcoin, and more. But regardless of these critics, smart money understands that Bitcoin’s market cap remains under $ billion, and the entire gold cap is somewhere around $10 trillion. Feb 26, · For Bitcoin to reach the same market cap as Gold, the required price is $, (That is half a million dollars for Europeans confused by the comma sign.) For Bitcoin to reach the same market cap as Silver, the required price is $2,
Bitcoin gold market capBitcoin Absorbing Gold's Market Cap Leads To Record One-Week Fund Outflows - cryptodayly.de
According to data compiled by SiblisResearch. In fact, the largest U. Through Friday, Aug. Admittedly, nearly all of this cash is being held in overseas markets, because Apple doesn't want to be taxed for the repatriation of this cash. Would Apple do such a thing? Not a chance.
It's focused on returning cash to its shareholders and reinvesting in new technologies. Lastly, let's take a look at how bitcoin stacks up next to the currency it'd ultimately like to make go extinct -- the U. According to figures from the St. The monetary base has increased more than fourfold from the Great Recession, and it's currently about 55 times larger than that of bitcoin, even after bitcoin's enormous run. Despite its recent strength, this writer continues to believe that avoiding bitcoin is a smart move.
Without true fundamentals to analyze, deriving a fair valuation on bitcoin is difficult to ascertain. We've witnessed numerous assets increase in value like this before throughout history, and practically every one wound up having its bubble burst eventually. My suspicion is bitcoin will be no different, and uninformed investors are going to be taken to the digital woodshed if they aren't careful.
What's more, the lone bitcoin investment option in the stock market is grossly overvalued. While bitcoin's underlying blockchain could be intriguing to businesses years down the road after it's been tested on a small scale, the current value of bitcoin makes little sense. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In.
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New Ventures. Search Search:. Aug 17, at AM. 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. 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. Whereas this idea is nothing new