Kek

170 000 tonnes gold on earth atm
17 000 000 bitcoin mined
1 bitcoin = 10 kilos of gold
1 bitcoin = 370 000$

am i missing something ? bitcoin is free money !

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What is the correlation between bitcorn and gold

What

Bitcoin is not gold anymire than all of crypto is gold. Bitcoin will not become as valuable as gold alone. Everything together will approach golds market cap. Btc will hit 100k. The rest of the matket will make up the rest if the value.

are you new to the game ?
Bitcoin is the digital store of value

Except link. Link will be worth as much as all derivatives today

Lmao there are people out there who unironically dig up shiny rocks from the ground and put them in a vault when they could just use Bitcoin instead.

Nothing will ever be worth as much as all derivatives because derivatives are fake value. The potential payout of a bet is not real value because a bet may never pay out.

A store of value shouldn't fluctuate +/- 80% annually.

Its still a better store of value for some third world countries who'se country prints 10 times the countries circulating supply per year and makes ownership of gold and other precious metals illegal. Or makes it illegal to take those items over country boarders.

the only downsides of bitcoin against gold, are that it requires electricity/computation to validate the chain (instead of complicated procedures to validate gold isn't fake) and that everything is public. otherwise bitcoin wins in every single other way against gold, and the public problem is easily solved through layers

bitcoin is unequivically the only fairly launched coin that can become an intrinsic store of value itself. as soon as alts started appearing, speculation dominated in a way that poisoned the well for every altcoin after bitcoin. none of them can ever have a truly decentralized distribution or be taken seriously as a store of value long term, because they must compete against bitcoin and the only thing they have to compete against it with is tech.

gold isn't tech, its money. bitcoin isn't tech, it's money.

Well gold is still a better store of value than crypto and with gold you can choose how much security you need to verify the authenticity of gold. With cryptos like bitcoin the amount of security per transavtion is set in stone for everyone. You can't pick less security if you want to only pay for half the amount of verifications or more if you want more verifications.

Are you saying that bitcoin isn't a speculative asset? It is 100% a speculative asset. No one uses bitcoin yet just as with every other alt coin. Bitcoin isn't some special asset simply because it was the first of a new technology. Usually the first itteration of a new technology is not the best and it fails. Bitcoin is more centralized than most countries in ownership inequality and in mining power inequality as well. Again the crypto bubble will be like the dotcom bubble in that the value of all cryptos together will hit the market cap of gold and then collapse.

zoom out maybe

bitcoin is a store of value if people decide it is.
period

And we are on the way of achieving that

Store of value is not as arbitrary as you make it out to be lol

>x arbitrary unit of measurement
>x000 arbitrary unit of measurement
What does it all mean guys?!

>based and redpilled xDDDDD

>am i missing something ?
yeah, 1 bitcoin = $3668

yeah but in 10 years world will claim that bitcoin is 300k so NPC will buy it at this price

more like btc in 2029 = $138