Post
Topic
Board Bitcoin Discussion
If Bitcoin is the new Gold it will be worth...
by
robx
on 10/10/2017, 18:33:11 UTC
just playing with numbers little bit  Wink

Some say Bitcoin may be the Gold of the future.
If we assume that the future generation will more likely use Bitcoin as a store of value rather than hiding a bar of gold under their pillow what would that mean?

The amount of Gold that is used as a store of value is around 40,000 tonnes worldwide.
1 ton gold = 41,500,000 $
40,000 tonnes x 41,500,000 $ = 1,660,000,000,000     (1,660 Billion $)

divided by the total number of Bitcoin we come to

1 BTC = +79,000$