Update on BTC scarcity compared to gold.

Current world gold stock is estimated to be 185,000 US tons, the equivalent of 167829177 kilograms.

Dividing that with the number of BTC currently mined (17,660,987.5) brings us a ratio of 9.5028195337. This means that owning one BTC is as scarce as owning 9 and a half kilograms of gold.

Keeping this in mind we can look at the current price of gold (€36447 per kilogram) and get a "fair price of btc based on its scarcity" of €346,349

The stock-to-flow ratio of BTC will be rather close to gold after the upcoming halving (reference @100trillionUSD on twitter and the Stephan Livera podcast episode 67) so this price prediction seems like a good estimate for the next peak/bubble.



Submitted April 23, 2019 at 05:37PM by marlin3 http://bit.ly/2DtuBQZ

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