Markets in the United States, President Donald Trump’s political pressure on the FED, the US Federal Bank may have lost independence, concern, a decline.
However, these tensions are the world’s largest crypto currency Bitcoin And it looks like it worked under it. Bitcoin climbed over $ 90,000 with a rally he performed after a long break. On the other hand, ounces of gold touched $ 3,500 for the first time in its history, and when this article was written, it is again at record levels with $ 3.407.
In fact, the estimates that Bitcoin, also known as digital gold, can exceed the market value of gold, has been a long time. However, it seems to have opened the difference a little bit about the big rally and gold in recent months. In the last three months, the price of BTC has decreased by 14 %, while gold has made an increase of 26 %.
When we examine the data, we see that the total market value of Bitcoin is $ 1.8 trillion. The total market value of gold is currently $ 23.79 trillion. In a hypothetical environment where the total market value of the gold remains constant, the price of BTC must reach $ 1.19 million in order for Bitcoin to exceed the market value.
According to estimates, BTC’s annual supply increase is 0.83 %, while this rate is at 1.72 %.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/tum-gozler-bitcoin-ve-altinda-btc-fiyati-kac-dolara-ulasirsa-altinin-piyasa-degerini-gececek-iste-utopik-senaryo/
