Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
Tubig
on 16/09/2017, 00:04:20 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
But if gold has scarcity how will it affect its price? We know that gold is in nature, on earths surface, but what if we are out of gold mines?