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Bitcoin instead of Gold? So much BTC would have to hodln States

the Hardly the Bitcoin is on the rise-rate spread of the wildest Bitcoin forecasts. The investment Fund block town Capital has now investigated how many Bitcoi

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Bitcoin instead of Gold? So much BTC would have to hodln States
the Hardly the Bitcoin is on the rise-rate spread of the wildest Bitcoin forecasts. The investment Fund block town Capital has now investigated how many Bitcoins to the States and organisations with the largest gold reserves to replace those currently.

Sebastian wood
10. April 2019BTC$0,00 1.22%Facebook Twitter LinkedIn xing mail

The investment funds, block-town Capital, has made a Twitter Post a forecast about how many Bitcoins needed the Top-22-governments and organizations in search of gold supplies to replace their current gold reserves. It is in the case of block town, Capital m a investment Fund that pursues a multi-disciplinary approach to Digital Asset Management. According to the website of block-town Capital, the company uses for its medium - to long-term Asset positions, fundamental analysis, momentum strategies, statistical Arbitrage, and asymmetric flow of information. Block town was founded in 2018 by three crypto-enthusiasts, and is focusing since the only on the Blockchain-business, digital currencies and application token.

How many Bitcoins would be needed?

If the assumptions of the investment Fund on Twitter Believe should maintain the following States and organizations, the following amount of Bitcoins to replace their gold reserves:

United States: 913.388 BTCDeutschland: 378.416 BTCIWF: 316.011 BTCItalien: 275.336 BTCFrankreich: 273.562 BTCRussland: 232.033 BTCChina: 206.923 BTCSchweiz: 116.791 BTCJapan: 85.931 BTCNiederlande: 68.783 BTCIndien: 66.481 BTCEZB: 56.689 BTCChina: 47.570 BTCPortugal: 42.954 BTCKasachstan: 38.788 BTCSaudi Arabia: 36.284 BTCVereinigtes Kingdom: 34.846 BTCLibanon: 32.207 BTCSpanien: 31.623 BTCÖsterreich: 31.444 BTCBelgien: 25.537 BTCPhilippinen: 22.224 BTC Bitcoin as the Gold of the future?

comparisons between BTC and Gold are a popular subject of many debates. Many advocates believe that the digital currency is likely to be an Alternative to the precious metal. Enthusiasts, such as, for example, the Winklevoss brothers estimate that the future market may be capitalization of Bitcoin at more than Five-trillion dollars. This number is the result, in your opinion, from a comparison with the global gold market of Seven trillion dollars.

The Winklevoss hold Bitcoin, according to its own statement has always been the Gold 2.0. Gold is in short supply, BTC is limited. Bitcoin has according to the statements of the brothers also has the advantage that it is much more portable, and more often divisible. Many renowned economists and Bankers see Bitcoin as a replacement for Gold, however, is critical. So Norbert Häring claims, for example, a business journalist and former people of the Deutsche Bank economist, on its Website, verbatim: "One thing is clear: If something goes wrong and the System breaks down, the accumulated Bitcoins, the only value lots of zeros and ones." Who is right is still written in the stars. There is currently no large industrial Nations and organizations seems to be – at least publicly – about the acquisition of Bitcoin as a gold reserve thinking.

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