The Institutional Financial Markets worth trillions having been moving into the new gold: Bitcoin, because the US is headed towards having more Debt than its economy produces. In other words, insolvency. A situation not seen since the Great Depression.
Link to source articles screenshots this post elaborates on The last time this happened where the US owed more than it was worth, people, companies, and governments moved their wealth into gold(bought gold) to protect themselves from hyper inflation since it was the best finite asset(limited in its amount) in that time. For those who don’t know what inflation is, it’s when there is a faster loss of value to the dollar, and what it can buy. Why everything is more expensive now than it was when you were a kid. That last time this happened was the Great Depression that most of us read about in school. This time around, the people and companies with the wealth are choosing to adopt the new gold it appears: ₿itcoin. Billions of Dollar$ are already pouring into Bitcoin, from companies with Trillions$ in managed assets that they need to protect. And with that now starting to move into Bitcoin, Bitcoin’s math limiting it to 21 million coins puts Bitcoin at well over 100k a coin by the time this momentum matures, and the trillions these companies manage move more into Bitcoin. Zoom in, and read the articles in this collage. They show companies managing Trillions of dollars already Buying Bitcoin. To hold for their clients, and customers, and even as treasury reserve asset for their own companies. That will only continue to grow. Eventually, we’ll be hearing of Countries, Nations, State, and Cities beginning to buy Bitcoin as a treasury reserve asset. When that happens, the road map for millions of dollars per Bitcoin will begin to come to form. If you haven’t been buying whatever you can this whole time, make sure you do before this next price run. Because after this one, you’ll never see Bitcoin as low as the 10k’s $ per ₿itcoin again. There is a digital change happening to the financial world, much like when the internet met the world of media and information. Better to hop on early now, than when the government starts buying Bitcoin for you much later for your 401ks. Because by then, the price will likely be Millions, to tens of millions per Bitcoin that they’ll be buying it for you at.
The Institutional Financial Markets worth trillions having been moving into the new gold: Bitcoin, because the US is headed towards having more Debt than its economy produces. In other words, insolvency. A situation not seen since the Great Depression. (x-post from /r/Bitcoin)
Price per gold ounce $1134 in reachable distance. Probably just few weeks until 1 Btc worth more than 1 ounce of gold (just about $234 away). Media will go crazy about it! New bitcoin ATH and overtaking gold...yeah!
First, what makes it worth more than gold is that there is no investment reason to choose gold over bitcoin even when their values will match. But to answer the question, it takes time for prices to adjust. Many people have ended up with 90% of their wealth in bitcoin, and even if they understand that its worth much more than its current price, some diversification, debt paydown, and life ... It is, therefore, significant that one bitcoin is now worth more in dollar terms than one ounce of gold. It is not, though, particularly surprising, as bitcoin has one major advantage. It acts ... A gold mine discovered in China’s Shandong province is reported to have a potential value of more than $22 billion USD or more than the entire market cap of Bitcoin. Eureka! Announced by the Shandong Gold Group Co. at a press conference on March 28, 2017, it is believed to be China’s largest gold deposit in history, People’s Daily Online reports . If you look back over the last five years, Gold has seen plenty of market volatility, even more so than Bitcoin. Bitcoin had the Mt. Gox/China/”Willy Bot” price explosion in Q4 of 2013, and 2014 was spent doing the market correction. In five years, that’s not that bad for a brand new global currency. One major economic bubble and market correction. And when all the dust settled, Bitcoin ... So the dynamic is, both $200 billion and $6.5 billion is not a vast amount of money to be absorbed by the global economy, clearly bitcoin will go up a lot further and faster than gold will if the ...
Is Bitcoin Really More Valuable Than Gold? - YouTube
TAKE HEED!!! This Bitcoin is out of control!!! . Why have you not gotten any bitcoin yet?!?! Ok get some bitcoin, then put some in Gladiacoin.. And watch it take off !!!! Double your Bitcoin in 90 ... Why Bitcoin is Better Than Gold, with Wences Casares Watch the newest video from Big Think: https://bigth.ink/NewVideo Join Big Think Edge for exclusive videos: https://bigth.ink/Edge Xapo CEO and ... Bitcoin will be worth more than Gold. If you don't don't understand why this is true, please leave me a comment. Bitcoin worth more than gold? AND You can make money with bitcoin ?? is the world turning upside down, or what?? That ominous high powered sound you hear is ... And here it is, the Crypto currency forged from nowhere, backed up by nothing and of course still under control of the usual. Is now worth more than GOLD, do not fall for it. RFB https://vimeo.com ...