Bitcoin might be a scale of country's wealth

[arnold dudicove]

Agree. Currently bitcoin has become a favorite field for everyone to invest. Its value is increasing. However, to get to a level like gold is clearly difficult, because until now there are still many countries that have not allowed bitcoin ...

[Azaleea]

I see that between gold and bitcoin are different fields, with their respective uniqueness. Gold is clearly faster because it is physically more liquid and able to be accepted in all parts of the world. While bitcoij is a new investment technology that is more challenging and promises faster returns

[Cryptolover5]

It's obvious that bitcoin can be a scale of a country's wealth, the price movement actually can fetch a large profit within a short period of time, bitcoin can't be compared to gold, it has more opportunities than gold, gold seems to be an outdated form of Investment and also it gives low profit due to its stagnant price tho gold is accepted globally and it's market capitalization is much more higher than bitcoin.

[Bit]

Really? But I don't think so. Many people that have Bitcoin don't show their wealth to others. But They always make surprising thing by buying more and more things in the real world. However, they are still uncovered probably because of the taxes or others. And we can see this as criteria of the country wealth

[Proton]

How will we measure wealth in bitcoins if the majority of bitcoin holders do not want to disclose to the state the size of their bitcoins?
Anyway, with such high price volatility of bitcoin, this is unrealistic.

[sampoerna]

Is it really that people who have many Bitcoin will really show it and report to the country so that we can see the data of the country's wealth based on this? I think it will not. Many people are anonymous and they do not want to be seen as Bitcoin holders or traders. In this case, how can we measure that Bitcoin can be the scale of country wealth?

[aiviaa485]

If in fact the gold market cap is overtaken by Bitcoin it will feel its perfection and make everyone throughout the market get rich quick.
I think if Bitcoin wants to beat the marketcap of Gold it might need a very high price, for example for 1 Bitcoin = 500,000 USD. lol amazing!
In other words, even the Bitcoin market cap with a price like that will feel up and huge which can beat the market cap of Gold.

[Markuri33]

Bitcoin can certainly do a lot more development around the world. I believe that the way the price of Bitcoin is increasing, Bitcoin is gaining popularity all over the world.  Only Bitcoin can take the whole world on an equal footing.  For this, cryptocurrency must be introduced to the people of all countries.

[EthereumDev_]

I think at this time it still can't be like that because until now there are still many people who have a high number of bitcoins and even the richest countries don't know exactly how many bitcoins they have because bitcoin owners are anonymous so it is not certain which country has bitcoin the most.

[Senin]

Of course not. No one can count how many bitcoins people have in a particular country. And the amount of money in bitcoins will not be so large that other markets and other values can be ignored. It is unlikely that cryptocurrency will be able to bypass other markets in terms of capitalization.

[arnold dudicove]

Really? But I don't think so. Many people that have Bitcoin don't show their wealth to others. But They always make surprising thing by buying more and more things in the real world. However, they are still uncovered probably because of the taxes or others. And we can see this as criteria of the country wealth

You are right. In my country to measure a person's wealth, bitcoin is not yet one of the criteria. Very different from gold. Bitcoin remains an invisible asset until they spend it on other luxuries ...

[CriptoLH]

How can we measure people's wealth by the number of bitcoins, if bitcoin in many countries does not even have any legal status and is outside the legal field. If we compare it to gold, gold is officially recognized in all countries and has a market value. Investments in gold started a long time ago, in bitcoin the last few years, so bitcoin cannot be a scale of wealth.

[whyrqa]

How can we measure people's wealth by the number of bitcoins, if bitcoin in many countries does not even have any legal status and is outside the legal field. If we compare it to gold, gold is officially recognized in all countries and has a market value. Investments in gold started a long time ago, in bitcoin the last few years, so bitcoin cannot be a scale of wealth.

Today there are many examples in the world where countries possess a large amount of oil, gold or other values, but this does not in any way affect the well-being of that people. The whole problem is in their governments. But Bitcoin will be able to protect everyone from the depreciation of their savings, and will also give the opportunity to be independent from government actions.

[Jaya60]

Of course Bitcoin is an invaluable resource for the whole world. Bitcoin is now the most widely used currency in the world. Different types of payments are being made through Bitcoin. And everyone thinks of Bitcoin as their own asset because investing in Bitcoin has made them huge overnight. At present, Bitcoin can be considered as a resource of the whole world.

[Jaguar]

Maybe when the time of cryptocurrency dominate over fiat. Bitcoin is potential to become the future number one crypto to be use as the main coin. The country will strictly regulate Bitcoin just for the record and make it as asset. Someday we can see Bitcoin reigning around the world.