Invert gold is "inevitable" in the digital age, would bring the price of bitcoin to $ 350,000

In recent weeks, as prices of Bitcoins soared, the interest in the cryptography market has been revived. And with it, the nickname "Digital Gold" is also being developed through Grayscale Investments' Drop Gold, Buy Bitcoin TV marketing campaign.

Gold is one of the very first value transfers used around the world and is still considered today as a valuable reservoir, as well as a hedge in the event of an economic downturn. However, in the current digital age, the very first crypto-currency as a digital "knock-down" of real physical gold is "inevitable" and, if so, the price of Bitcoin will be raised to $ 350,000 or more.

Analyst: Bitcoin Flipping Gold is inevitable

Bitcoin and gold share many similarities, including being used as currency, wealth transfer, store of value, and so on. – they can also be "exploited" and claim relative scarcity as one of the reasons that give it such value. This shortage is where the differences between the two badets begin to show.

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Bitcoin is limited to 21 million BTC, while it's potentially possible to tap into an infinite supply of gold. Gold having a physical attribute on the numerical existence of the cryptographic badet is both an advantage and a disadvantage for the chemical element, making it ideal for jewelery and other glowing material objects, while at the same time preventing it from being easily transferred or stored. However, BTC has no physical footprint for storage and can be sent in seconds in a few clicks.

The only reversal that is close to my heart is Bitcoin vs Gold.

Gold: $ 7.5 trillion
Bitcoin: 155 billion dollars

Once bitcoin exceeds gold, each bitcoin is worth more than $ 350,000.

We live in the digital age, the turnaround is inevitable.

– Rhythm (@Rhythmtrader) May 28, 2019

The benefits of Bitcoin in today's digital age far outweigh anything that an archaic badet such as gold can provide. An badyst says that for this reason, cryptocurrency returning gold is "inevitable".

Bitcoin launches a $ 350,000 gold prize by BTC

If Bitcoin really "went back into gold", as this badyst and many others say, it would take the entire market capitalization of BTC – currently in the range of $ 155 billion – and would exceed 7.5 trillion dollars.

Given the obvious advantages of Bitcoin over gold, to imagine it reversing this proven badet is simple. However, this would represent an increase in market capitalization of more than 4 million% – a figure that, read aloud, seems like an impossible feat.

Related reading | The Bitcoin price chart shows how easy it is to go beyond the market capitalization of gold

Nevertheless, if there was an badet capable of giving the precious metal a real value, it would be Bitcoin. This unique digital badet could become the global currency of the Internet, and most cryptographic investors expect it to eventually reach a value of up to 100,000 to several million dollars per BTC. If these prices were to be achieved, Bitcoin will indeed have a chance to "return" the gold and get the right under the "digital" version of the badet.

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