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Replying to Avatar volition

“If The Bitcoin Supremacy occurs—and gold is demonetized and rendered a purely industrial metal—it would imply a gold price of $278 an ounce and a Bitcoin price of $5,171,429 per BTC in purchasing power in today’s dollar.”

https://internationalman.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-worlds-best-money/

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Minnaar 1y ago

No, gold will continue to be a Store of Value for many. With that said, I believe bitcoin is still severely undervalued.

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Dan 1y ago

Gold has never had legitimate market competition. I have no idea (nobody does) how it'll play out, but it'll be interesting!

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