Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
transabox
on 07/03/2017, 20:19:40 UTC
Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.  Smiley

It's only a matter of time for total bitcoin in circulation exceed gold in circulation

how many gold are in circulation? if you talk about once, there always will be more gold than 21M bitcoin, gold is not all mined yet, there are still hidden place to mine gold, bitcoin it is know the limit, and some of the bitcoin are lost, making bitcoin more rare than gold

Yes, it would be interesting to know how many lost bitcoins. To have an idea of the real situation.
In any case, you can not turn off bitcoin and gold. These are completely different assets