4/23 ANDY HOFFMAN (CryptoGoldCentral.com): What Will BRhodium Trade At? Part I - Reprinted from January 9th

The price of any asset is impossible to predict; especially a brand-new one, “spun off” of a highly volatile asset, in highly volatile market conditions. To that end, there are many ways to view the situation – starting with BRhodium’s best “comps”, BCash and BGold.

Of course, there’s a big difference between BCash, BGold, and BRhodium – as the former two are Bitcoin forks; and the latter, a brand-new altcoin distributed to Bitcoin holders. Additionally, all three have different proposed (and actual) use cases; and oh yeah, BCash and BGold have roughly 16.8 million “shares outstanding”- in line with their parent, Bitcoin; whilst BRhodium will have just 1.1 million.

First, we have the use case issue. For BCash, it’s only “use case” is speculation, manipulation, and fraud – by two of the formerly most powerful people in Bitcoin, who are about to be permanently marginalized. That is why it is trading at .157 Bitcoin, as opposed to BGold’s .0157 Bitcoin (interesting how they seem be constantly “pegged” at 10:1 ratio). As for BGold, its only use case is enabling average people to mine it – which clearly, the market – and me - don’t value very much.

And finally, BRhodium - whose emergence, in my view, has usurped Litecoin as the “silver to Bitcoin’s gold.” Sorry, but now that I’m realizing Litecoin is less decentralized than I once thought; whilst its creator and patron saint, Charlie Lee, sold his entire stake; I have essentially no interest in it. Conversely, BRhodium doesn’t need to “do” anything to be a monetary coin like Bitcoin – as its 2.1 million coin cap (the other million coins will take 100+ years to mine) does the job for it. In fact, I expect it to become a cultish coin; which may well be the only "crypto-dividend" to ever be attributed Bitcoin’s monetary properties by the market - on a much smaller scale, of course.

Finally, the share count issue – as despite the incongruence of comparing altcoins with varying supply on a percentage of Bitcoin basis, it has become the principal method of valuing altcoins. And I’m not even going to bring up the lack of logic (and common sense) of comparing actual to pre-mined supply!

Anyhow, in the case of BCash and BGold, the percentage of Bitcoin metric works well, as they all have roughly the same share counts – and ditto for BDiamond, which has exactly 10x Bitcoin’s supply. However, BRhodium’s share count is so small – and as of now, asymmetric relative to Bitcoin - I think it best to simply base BRhodium’s potential valuation on the market caps of BCash and BGold – currently, $40 billion and $4 billion, respectively.

This is where analysis becomes highly subjective; but if you ask me, BRhodium’s use case is far stronger than BGold’s - so frankly, it wouldn’t surprise me if it passed BGold a lot sooner than most people can imagine. Right away? Doubtful – but possible. But a year from now, a no-brainer, in my view. As for BCash, I’m not going to go anywhere near that rigged garbage malware, from a valuation standpoint. However, there’s little doubt in my mind that one day the market will realize BRhodium’s value proposition is far greater.

So, to the question of what BRhodium will trade for – I’ll let you do the math. But clearly, it has the potential to be a grand slam home fun for those wise enough to have registered for the airdrop, which “sold out” due to massive demand last night. Consequently, I’m looking forward to when BRhodium is launched – with massive community support.