Quote from: darthmaul on May 03, 2017, 03:39:04 PM

If that is the case then I'm putting all my money into bitcoins immediately. Well no way, how is that possible just on the basis of gold prices? If Chinese having different gold prices then why would it bother US dollar prices. US has its own gold and bitcoin will rely on it for its share price. What I understand from your statement us you want say Chinese hold more bitcoin than rest world, but why will it bother to US prices. These are completely two different things. And anyway more bitcoins are being mined everyday then why to risk it with US dollar prices. Grin

The fact is that it is not necessary to keep everything in dollar equivalent, even Bitcoin can serve in more expensive and more stable, risk-free products or movable or immovable property.