Post
Topic
Board Economics
Re: What will have the biggest impact on the Bitcoin price?
by
pitiflin
on 23/02/2018, 22:25:23 UTC

Just imagine what would happen if only 20% of the money invested in Gold, could find it's way into Bitcoin for instance. Gold is just one of the precious metals.
20% of gold that will ever be mined will account to 7.5 trillion dollars*20%, that will be 1.5 trillion dollars. Do you think that will ever happen? I definitely don't see such a ridiculous thing happening.
Just imagine what will happen if people stopped saving money in Banks at low interest rates and rather invested that into Bitcoin.  Roll Eyes
But people won't. They trust banks just because they are centralized. People apparently don't like decentralization even though they like it.