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.
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.
your problem is thinking there is only 21 million bitcoins available but in fact there is 21 million * 10^8 satoshi available.
how come when you are comparing gold you are using the smallest unit, you should do the same with bitcoin too.
also on top of that you should consider the history of these two. bitcoin has only an 8 year history (practically a toddler) while gold has been around for as long as currency was around and even before.