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Title: bitcon market cap is still only roughly 1/1000th the size of gold = room to grow Post by: jasonjm on November 03, 2015, 05:28:03 PM amazingly bitcoin cap is tiny compared to gold..... using conservative numbers in favor of bitcoin its still only 1/1000th but might even be smaller in reality.
180 000 tons of gold have been mined, assume close to half is lost or in jewelry never to be sold. 100 000 tons value today is roughly 4 trillion dollars. bitcoin, assume 15 million coins, with 20% lost (I think its more). 12 million coins market value at $400 is roughly $5 billion. so pretty much 1/1000th the size of the gold market, which ignores silver and platinum being used as store of values. Bitcoin Bubble? I think not...... |