Linking BTC and gold
1. World gold reserves: 208874 t = 208874000000 g https://gold.org/goldhub/data/how-much-gold…
2. Amount of BTC (19/04/23): 19,350,912 (max 21,000,000, of which several million are "lost"
3. 1 troy ounce of gold - 31.1g
4. There are 208874000000g/31.1g=6716205788 ounces of gold in the world
5. 1 BTC is worth = 6716205788 gold ounces / 19,350,912 BTC = 347.07 gold ounces
6. 1 ounce of gold = $2,000
7. FINAL: 1BTC = 347.07oz gold x 2000 USD = 694140 USD
The question of "what if?" The amount of BTC and gold and their price is constantly changing.
If I'm wrong somewhere, please feel free to correct me
1. World gold reserves: 208874 t = 208874000000 g https://gold.org/goldhub/data/how-much-gold…
2. Amount of BTC (19/04/23): 19,350,912 (max 21,000,000, of which several million are "lost"
3. 1 troy ounce of gold - 31.1g
4. There are 208874000000g/31.1g=6716205788 ounces of gold in the world
5. 1 BTC is worth = 6716205788 gold ounces / 19,350,912 BTC = 347.07 gold ounces
6. 1 ounce of gold = $2,000
7. FINAL: 1BTC = 347.07oz gold x 2000 USD = 694140 USD
The question of "what if?" The amount of BTC and gold and their price is constantly changing.
If I'm wrong somewhere, please feel free to correct me
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