It's not based on price, but percent of overall supply.
Bitcoin has a supply of 21 million.
The World Gold Council estimates there are 6.8 billion ounces of mined gold globally.
1/21,000,000 is roughly equal to 324/6,800,000,000
Each gives you about 0.00000476% of the overall supply.
NickGiambruno / Nick Giambruno
npub1wg…se082
2024-03-25 14:20:38
in reply to nevent1q…zkta
Author Public Key
npub1wgjh30uxvvepumxhl3qlfzmt4chueprxmcvrxyw0wjtv9m4w8zwq3se082Published at
2024-03-25 14:20:38Event JSON
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"content": "It's not based on price, but percent of overall supply. \n\nBitcoin has a supply of 21 million. \n\nThe World Gold Council estimates there are 6.8 billion ounces of mined gold globally.\n\n1/21,000,000 is roughly equal to 324/6,800,000,000\n\nEach gives you about 0.00000476% of the overall supply. ",
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