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RE: Bitcoin VS Gold

in #bitcoin8 years ago

The Gold to Silver Ratio is "the rate at which each metal comes out of the ground". That ratio is currently 10:1 For every ounce of gold that is mined there are 10 ounces of silver. Currently the ratio that silver and gold are trading at on the market is 68:1
So as you can see the price of silver is VERY UNDERVALUED.
The same can be said about Bitcoin to Steemit. I believe that Steemit is EXTREAMLY UNDERVALUED and that we will see the "Steemit to Bitcoin Ratio" go closer to 10:1.
Thats some crazy stuff right there considering the current Steemit to Bitcoin Ratio is 387:1 !!!!!
Thats something to get Excited about!!!!

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YES :)

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