🎇 One Bitcoin Is Worth More Than Three Ounces of Gold
bitcoin·@hiroyamagishi·
0.000 HBD🎇 One Bitcoin Is Worth More Than Three Ounces of Gold
 Although Bitcoin market cap is only 1% of total market cap of Gold; however, the price of one Bitcoin is more than three ounces of Gold. The value of all Gold in the world is $7.79 trillion while Bitcoin is $66.32 Billion as of the current price today (August 19, 2017). These two assets have many similiarities that is why many people compare them often. Like for given is; * Scarcity Gold and Bitcoin are quite scarce. The number of Bitcoins is limited to 21,000,000 units. Nearly 17,000,000 Bitcoins have already been created. Gold is especially scarce. Though traces of gold are found in many places on the earth, it is difficult to find a considerable amounts of the precious metal. * Recognizability Both Bitcoin and gold are quite recognizable. Bitcoins have signature characteristics and cannot be fake. Gold is also quite recognizable. However, it is tested for purity to ensure the buyer is not purchasing fool’s gold. * Price Gold and Bitcoin is not the same as the bank issued paper money. Time after time this two commodity is become expensive because of its scarcity and demand, the inflation wouldn't eat this up. For Bitcoin reached the same marketcap of Gold; literally, it would take up for one Bitcoin to reach to nearly $424,000. Which wouldn't be impossible like what I heard from Jeremy Liew the first investor on Snapchat.  We know all bitcoins will be mined by 2140, a date originally determined by many years ago. It is certainly possible people will still mine millions of dollars worth of gold by that time, adding to a finite supply with no known upper limit. Until we know how much gold is left to mine on the entire planet, it is impossible to call the bullion supply finite by definition. Bitcoin, on the other hand, will not see more than 21 million coins, even though not all developers may necessarily agree with that number. ### How about you? What are your thoughts? If given out a chance you have $300,000 to invest to only one of this two commodity, what would it be? <center> # Thank you reading my blog --- https://steemitimages.com/0x0/https://steemitimages.com/DQmcBaY8Q37LNbe9JXUbS9Uq4c8mvZwZaoYknkunq5CoVNJ/image.png --- # Please **upvote, resteem and follow me,* thank you.* https://steemitimages.com/0x0/http://i.imgur.com/m9g8Us4.png https://steemitimages.com/0x0/http://i.imgur.com/GgmPcYn.png https://steemitimages.com/0x0/http://i.imgur.com/125pjCi.png [](https://steemit.com/@hiroyamagishi)</center>
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