Bitcoin Marketcap
$1.86T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.86T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
20 May 2020 | | Price when published: $9,647 (ROI since: +920%)
Filed under: fundamentals reports
Messari takes a macro-oriented and data-driven approach to making a very strong investment case for Bitcoin, culminating in a comparison to gold which suggests a 6300% upside potential:
The core thesis is build around the observations that:
Finally thereβs just simply more upside in Bitcoin than more established store of
value assets like gold. There are many people, usually unacquainted with Bitcoin,
who suggest that Bitcoin is overvalued based on its $170 billion market
capitalization. This usually stems from misguided comparisons to company
valuations or criticisms of Bitcoinβs lack of intrinsic value. Itβs important to
understand Bitcoin is not a company. It is a money. Not only are monies valued in
the trillions of dollars, but they also have very little if any intrinsic value. The total
value of above-ground gold, which has limited industrial use, is more than $10
trillion. The total value of all the base fiat money in the world, which only has value
because governments say they do, is worth nearly $20 trillion dollars.
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