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There are different estimates of gold mined and gold yet to be mined. To avoid wasting too much time on this topic, lets use a very rough estimate of 200,000 Tons of gold mined + 50,000 Tons yet to be mined. [7]
250,000/31.1035*1000000 is about 8,000,000 Oz t of total gold. Since there are 21,000,000 BTC, to have a parity of capitalization 1 BTC will have to be worth the same as 380 Oz t of gold.
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4) An “optimistic” upper Bound defined upper bound Fillippone we set it at 2200 Oz t gold per BTC, double the previous one, a possible scenario that can safely be called hyperbitcoinization [8]
There are different estimates of gold mined and gold yet to be mined. To avoid wasting too much time on this topic, lets use a very rough estimate of 200,000 Tons of gold mined + 50,000 Tons yet to be mined. [7]
250,000/31.1035*1000000 is about 8,000,000 Oz t of total gold. Since there are 21,000,000 BTC, to have a parity of capitalization 1 BTC will have to be worth the same as 380 Oz t of gold.
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4) An “optimistic” upper Bound defined upper bound Fillippone we set it at 2200 Oz t gold per BTC, double the previous one, a possible scenario that can safely be called hyperbitcoinization [8]
My scenario of BTC at 2,200 BTC/oz was calculated on the back of a final BTC market capitalisation being at 6 times the Gold Market Capitalization.
Well, great minds think alike!
Micheal Saylor is calling for BTC to be 6.22x Gold in 2045.