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RE: One Year Ago Bitcoin Surpassed Gold In Value Per Unit... Look At How Things Have Changed!
What about gold and bitcoin this is exchange for 1 of 1
What about gold and bitcoin this is exchange for 1 of 1
If gold and Bitcoin exchanged at 1 Bitcoin to 1 Oz of gold, the price of 1 Bitcoin would equal that of 1 Oz of gold; $1324 USD as of today.
If BTC reached a market cap of $7.8 trillion dollars, the same as golds market cap, then one Bitcoin would be worth about $390,000 USD each. 1 Bitcoin could buy you 294 ounces of gold at todays price of gold.
Inversely, If Bitcoin was $390,000 USD per coin, one Oz of gold would buy you 0.00339487 sats. This would be the true measure of 1 for 1 if both market caps of Bitcoin and USD were the same at $7.8 trillion USD.
I understand