Bitcoin might be a scale of country's wealth

[0t3p0t]

When we talk about the market capitalization of each asse gold and Bitcoin, it too far than we think it is, why? Because gold has already been here since thousands of years ago compared to Bitcoin which is  just more or less ten years of existence. What I mean is that with Bitcoin in just ten years, we already hit billions of dollars how much more in the near future?

[Black ID]

By looking at the price of Bitcoin which is so high, it is not surprising that many see Bitcoin as the scale of success for a person and even a country. By owning a lot of Bitcoin, people can now be called rich people.

[Azaleea]

When we talk about the market capitalization of each asse gold and Bitcoin, it too far than we think it is, why? Because gold has already been here since thousands of years ago compared to Bitcoin which is  just more or less ten years of existence. What I mean is that with Bitcoin in just ten years, we already hit billions of dollars how much more in the near future?

You may think like that. But you shouldn't forget that the speculation factor in bitcoin trading is much bigger. It could be that the potential is much greater shot, or vice versa. And it is very different from the characteristics of gold

[Gubre]

Maybe it maybe the other side of a coin.  I agree that this has endless opportunities just for now and nit until the government would decide what will be the thing to do with bitcoin because if that will happen many for sure will sale their asset just to make sure that the government will have power over their wealth.

[whyrqa]

Maybe it maybe the other side of a coin.  I agree that this has endless opportunities just for now and nit until the government would decide what will be the thing to do with bitcoin because if that will happen many for sure will sale their asset just to make sure that the government will have power over their wealth.

I completely agree with your opinion, as many Bitcoin holders feel free and rich until the government takes over their assets. Although you can be a secret millionaire and not tell anyone about your financial capabilities. But only with this you need to live very modestly.

[Senin]

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a short period of time, bitcoin can't be compared to gold, it has more opportunities than gold, gold seems to be an outdated form of Investment and also it gives low profit due to its stagnant price tho gold is accepted globally and it's market capitalization is much more higher than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.

It is hardly worth hoping that states will measure wealth in bitcoins. Bitcoin holders themselves will also not fully disclose their wealth. A significant proportion of bitcoin holders will not move their bitcoins and will keep them hidden even from the tax authorities.
In addition, the high price volatility of bitcoin will also not contribute to accounting for such wealth.

[CriptoLH]

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.

It is hardly worth hoping that states will measure wealth in bitcoins. Bitcoin holders themselves will also not fully disclose their wealth. A significant proportion of bitcoin holders will not move their bitcoins and will keep them hidden even from the tax authorities.
In addition, the high price volatility of bitcoin will also not contribute to accounting for such wealth.

For sure, those who have at least a little bit of bitcoins will not disclose this information and report it to the tax authorities. The state authorities in many countries treat bitcoin negatively and people are not protected in any way from the arbitrariness of other people who can just come home and take bitcoins from a person.

[Newron]

Bitcoin is the cryptocurrency reigning. Bitcoin is a virtual currency. It is not made for any specific country. So Bitcoin will rule the whole world

[Master107]

It may not the countries but the business institution. Government will not let Bitcoin as the scale of country's wealth not unless the world is in engaged condition into cryptocurrency where everybody's using this kinda technology. While Businesses institution are now in consideration to invest in Bitcoin as they can double the profit in a short time. They know Bitcoin will become their safe place once it pump hard. Of course they know the risks and assuming they already planned about the possibilities and the blind spot in Bitcoin investment.

[Carbitcoin]

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.

It is hardly worth hoping that states will measure wealth in bitcoins. Bitcoin holders themselves will also not fully disclose their wealth. A significant proportion of bitcoin holders will not move their bitcoins and will keep them hidden even from the tax authorities.
In addition, the high price volatility of bitcoin will also not contribute to accounting for such wealth.

I believe it is too early to talk about the impact Bitcoin will have on the financial systems of countries. The fact is that after 10 years there is a chance of getting a more stable Bitcoin with a high value, which in reality will be a stable value and can be used as a reliable storage. And the government, in that case, will have to come to terms with the use of the Bitcoin payment system, withdrawing paper money from use.

[David0]

I hope gold and bitcoin are God asset to invest with. Although bitcoin is volatile many investors are already knowledgeable when it comes to reading the movement and the perfect time to invest. Thus, the risk is being neglected because of the possible high profit than gold. This might be the second advantage of bitcoin good platform.

[Angel jara]

Bitcoin is a cryptocurrency. Anyone who currently owns a cryptocurrency owns over হাজার 50,000. There are many crimes being committed with cryptocurrency at present. The main reason for this is that the demand line of cryptocurrency prices is all these.

[IyemRoker]

The country is very different from the system used by Bitcoin but in the market cap everything is the same, namely the nominal money in circulation for Bitcoin.
I see Bitcoin as truly something unique because it is able to make a very strong Hive and turn all assets into valuable from the various altcoins that are created.
Also, now many marketcaps from every country are cheered by the marketcap of Bitcoin and this is really amazing.

[Falcon]

I assume 1 Bitcoin is equivalent to $100,000 in 4 years from now. If the person will buy 5 Bitcoin now at $57,000 per coin then in 4 years later the value will be $100,000 or $200,000. That person will become rich. Because we are talking about the country, if the country will buy 2,000 or 10,000 Btc now and hold it for 4 years. The possible result is additional economic country's fund. But most likely Bitcoin will not be the scale for country's pride.

[NANCY]

Yes you are right. Bitcoin is very popular these days.The amount of bitcoin that is currently advancing is much higher. This bitcoin is the first coin in all cryptocurrency coins. I think it will go to a better position.I hope Bitcoin is in a better position.