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The calculations are mathematically correct, but it is worth paying attention to a few aspects that may affect the relationship between the value of Bitcoin and gold:

The valuation of Bitcoin and gold is based on different fundamentals. Gold is considered a safe haven and safekeeping value while Bitcoin's value is based on its use as a digital currency and acceptance in the market.

1. The value of gold is measured in troy ounces, while the value of Bitcoin is measured in units of currency (Satoshi). It can be difficult to compare the value of these two assets because they are measured in different units.
2. The gold and Bitcoin markets are regulated by different market forces. The value of gold is largely shaped by the demand for jewelry, investment and industry, while the value of Bitcoin is shaped by the demand for its use as a digital currency and blockchain technology.
3. What if? The value of gold and Bitcoin is constantly changing, and their relationship may change as a result of changes in the financial, political or economic markets. It is difficult to predict what the future values of these assets will be, but it is worth tracking their rise and fall to better understand the market and potential investments.

It is also worth noting that pegging the value of Bitcoin to the value of gold is only a hypothetical comparison and has no direct effect on the value of Bitcoin in the market. Each investor should carefully analyze the risks associated with investing in these assets and be aware of potential changes in values that may occur as a result of changes in the financial, political or economic markets.

I believe that at this point it is also worth asking the question: does comparing Bitcoin to gold and calling it "digital gold" make sense?

Comparing Bitcoin to gold and calling it "digital gold" makes some sense, but it's worth understanding that the two assets have both differences and similarities. Here are some reasons why Bitcoin is compared to gold:

1. Holding Value: Both Bitcoin and gold are considered holding values that can be used as a hedge against inflation and financial market volatility.
2. Scarce supply: Both Bitcoin and gold have a limited supply - the maximum amount of Bitcoin is 21 million and the world's supply of gold is also limited.
3. Independence from governments and banks: Both Bitcoin and gold are seen as assets independent of governments and central banks, attracting investors looking to diversify their investment portfolios.
4. Portability and divisibility: Bitcoin, like gold, is easily portable and divisible, making it a convenient medium of exchange and investment.

However, there are also important differences between Bitcoin and gold:

1. Acceptance and utility: Gold has a long history as a store of value and medium of exchange, while Bitcoin is a relatively new technology and its market acceptance is still limited.
2. Value based on different foundations: Gold's value is based on its physical properties such as durability, rarity, and charm, while Bitcoin's value is based on its blockchain technology, transaction speed, and anonymity.
3. Valuation and measurement units: The value of gold is measured in troy ounces, while the value of Bitcoin is measured in units of currency (Satoshi).
4. Value of volatility: Bitcoin is much more volatile than gold, which means that its value can go up or down dramatically in a short period of time.

All in all, comparing Bitcoin to gold and calling it "digital gold" makes some sense, but it's worth understanding that the two assets have both differences and similarities. Investors should consider these factors before deciding to invest in Bitcoin or gold.

Thank you

What is the purpose of presenting this link?

Assumption that:
>1 BTC is worth = 6716205788 gold ounces / 19,350,912 BTC = 347.07 gold ounces
there is no justification. Give me a reason why BTC should be the equivalent of gold?

Besides, why limit yourself?
BTC is now selling for around 28,000 USD.
Using your reasoning, this means that 1 ounce of gold should cost:
347 * 28k USD = USD 9.7 million.

Buy gold!

Recently, we have heard more and more about the links between Bitcoin (BTC) and gold. Although these two investments seem completely different at first glance, they actually have a lot in common. First of all, both Bitcoin and gold are considered valuable bargain commodities that can be used as a hedging tool against inflation and fluctuations in the value of other currencies. In addition, both investments are very popular with investors who are looking for ways to increase their capital. In both cases, we are dealing with a market where prices fluctuate depending on factors such as supply and demand, the country's economic situation or monetary policy. It is also worth noting that Bitcoin and gold are scarce goods, i.e. they have a limited amount. In the case of Bitcoin, this is the result of a programmatically imposed limit on the number of issued coins (21 million), while in the case of gold, it is related to geological conditions that affect the depletion of deposits of this metal. In conclusion, although Bitcoin and gold seem to operate in different worlds, their connections are becoming more and more noticeable. Both investors and market analysts are increasingly looking for ways to combine these two valuable commodities in order to increase their profit and protect their capital against inflation and other negative market factors.