fillippone
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May 30, 2019, 01:30:16 AM

The only flipping I care about is Bitcoin vs Gold.

Gold: $7.5 trillion
Bitcoin: $155 billion

Once bitcoin overtakes gold, each bitcoin would be worth over $350,000.

We live in a digital age, the flip is inevitable.

https://twitter.com/Rhythmtrader/status/1133432395120742402

New poll when is this flipping going to happen!!!! Smiley
This is one of the best “back of the envelope calculations” ever done in the bitcoin valuation thesis.

It would be if it was the first time I saw that argument.
Alas, it is probably the hundredth  Roll Eyes.

I did it myself the first time BTC passed the Gold Price per Oz as a lot of people cheered that, but it was pretty insignificant to me.
Then I was shocked when I saw someone being though so smart because made the exact calculation a few months after that.
That’s why I still like that computation after so many iterations: good memories.