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RE: Could Bitcoin be the next "World Reserve Currency?"
If bitcoin is the world's reserve currency, we will all be very very rich. Each coin would have to be worth 3.8 million just to carry out the transactions of the global annual GDP.
Love It!
Global GDP is 70Trillion a year, and there are about 16 million BTC in the world. Clif High is saying January next year is $13000 Bitcoin and 1300 ETH. He's been pretty accurate regarding crypto. I think I might trade between the two when the ratio is other than 10 to 1. I had mostly ETH but last night I moved about 1/3 of it into BTC.
I wish I had because of the Ether drop today.
BTC dropped more, I lost more $$$$ because of the switch
Like I tell every one on silver... You have lost nothing until you sell them... I still have over 800 oz.. and you still have ___ bitcoin. Right?
Yep. Hey, Erin, let's coin a new term. I was just thinking they say a Tomahawk cruise missile has 480 troy oz of silver, which is just 20 shy of a monster box. We should measure our wealth in Tomahawks
You're just shy of two Tomahawks, or we could call it two Tommies for short.
I don't really care. If 10 to one is the target, BTC is undervalued next to ETH and it will get right by January. Bitcoin needs to increase 5 fold to make its target, ETH only needs <4 so BTC will grow more.
When the sheeple start buying crypto, they will head straight into BTC.