According to this chart, gold and Bitcoin should begin appreciating at the same rate around 2048. This would also imply that both have a similar market capitalization, of course. The situation is, understandably, a bit hard to believe. After all, the entire chart is ultimately based on both gold’s and Bitcoin’s USD valuation. Moreover, the chart does not include any inflationary pressure and that’s not to mention socio-political conditions which could just as easily impact price. Overall, the comparison is inviting as a consideration but ultimately is foolish to follow as if destiny. Bitcoin surely may reach gold’s market capitalization someday, but we also have to realize that Bitcoin is far more precious than gold will ever be. Therefore, although Bitcoin mimics some of the functionality of the metal, we need to realize it is a different animal altogether. Do you believe that Bitcoin could, someday, mirror gold’s rate of appreciation? Is the comparison nonsensical? Let us know your thoughts in the comments below. Buy and trade cryptocurrencies with a 100x multiplier on our partner exchange, StormGain.
Give it a few years, and gold and BTC might be appreciating at the same rate. pic.twitter.com/KEbO5vENkE— dave the wave (@davthewave) August 16, 2019
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