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 $)
divided by the total number of Bitcoin we come to
1 BTC = +79,000$
Nice calculations and I hope this will one day be the case. I just don't see it happening in 1 - 2 years. It will take a while to reach those high amounts.