is bitcoin x200 rarer than gold?

[HabBear]

Your math is correct but the valuation requires that the demand be the same as the supply. Obviously the demand for bitcoin is not as great for the demand of gold, thus the lower price despite bitcoin being rarer than gold.

One is digital, the other is physical. They're literally incomparable

Digital vs. physical does not equal "incomparable". Most gold owned is owned "digitally". People don't actually have gold bars in their home.

We also have no idea exactly how much gold there is left to mine -- a mother lode could be discovered somewhere new tomorrow for all we know. It's an entirely pointless comparison.

Very, very true. The gold market is manipulated...the bitcoin market is not.

People should really stop comparing Bitcoin to gold in my opinion. They have similarities, but Bitcoin is an entirely new asset class. Comparisons like this are why critics are saying that people are only into crypto for the money.

Actually, they should continue to compare bitcoin to gold because they are both asset classes. They are competitors for the same euro to be invested. A euro invested in gold cannot be invested in bitcoin.

[jseverson]

One is digital, the other is physical. They're literally incomparable

Digital vs. physical does not equal "incomparable". Most gold owned is owned "digitally". People don't actually have gold bars in their home.

That's all well and dandy but you cut out my reasoning behind their incomparability: units. There's really no standard way of measuring their rarity because there is no equivalence on their units of measure. It's going to be completely arbitrary, which some the other posters pointed out. Alternatively, you can measure value, but that also accounts for other variables like utility which has nothing to do with rarity.

People should really stop comparing Bitcoin to gold in my opinion. They have similarities, but Bitcoin is an entirely new asset class. Comparisons like this are why critics are saying that people are only into crypto for the money.

Actually, they should continue to compare bitcoin to gold because they are both asset classes. They are competitors for the same euro to be invested. A euro invested in gold cannot be invested in bitcoin.

We can agree to disagree. I'm fine with people investing in Bitcoin but I personally don't treat it as an investment.

[dablatair]

Hello,

Bitcoin and gold are always compared because they are the kings in their domain. Gold for classic values and BTC for crypto values. But definitely it is not possible to compare them like this because the scales taken are arbritary. What is sure is that these two assets are precious, both in their domains and they complementary in use and basis for economy.

[DennyPen]

btc and gold can't be compared. You can't create something out of btc, but gold is what actually needed in technologies. Both gold and btc have some weak points, and possibly both won't be used in 100-300 years, as industries upgrade and come up with new tools like more advanced metals.

[dohh]

I remember have heard this long ago on Reddit but was never interested in doing the research needed, then I found it was indeed even more rarer  

Here is what I got:

"The World Gold Council estimates that all the gold ever mined totaled 187,200 metric tons in 2017" so this means there is a total equivalent in ounces of 187200000/0.02835 = 6,603,174,603 ever mined at this point in earth.

So with a total of 21,000,000 that would be ever created this means a total of 6,603,174,603/21000000 = 314 bitcoin ratio against gold, so you can say per one bitcoin there is 314 gold ounces  

Links: https://en.wikipedia.org/wiki/Gold_reserve

My saliva is even much more rare: Im capable of producing it only about 700 000 ounces in my lifetime. Its also unique, coded with my DNA, no one else can reproduce it.

It is about 30 times rarer, than BTC.

[BuyBuyBitcoin]

Can gold miners even run nodes yet?

[UmerIdrees]

btc and gold can't be compared. You can't create something out of btc, but gold is what actually needed in technologies. Both gold and btc have some weak points, and possibly both won't be used in 100-300 years, as industries upgrade and come up with new tools like more advanced metals.

I think there is no harm in comparing gold and bitcoin. Gold was the first medium to store value and bitcoin is and will be the future medium for the store of value currency.

[FallenBtcAngel]

btc and gold can't be compared. You can't create something out of btc, but gold is what actually needed in technologies. Both gold and btc have some weak points, and possibly both won't be used in 100-300 years, as industries upgrade and come up with new tools like more advanced metals.

I think there is no harm in comparing gold and bitcoin. Gold was the first medium to store value and bitcoin is and will be the future medium for the store of value currency.

btc may become the gold of the new era. But it's still very prematurely to state this or be sure of this.