Bitcoin might be a scale of country's wealth

[Arkann]

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.

according to some official statements of specialists and analysts of the cryptocurrency market, Bitcoin can reach $ 100,000 this year and even surpass this threshold. the turning point will be exactly the summer of 2021, but we still need to wait for this moment to be convinced of its fidelity.

[zilzylian]

I do not expect Bitcoin to become an asset of the country's wealth, if that happens then the price of Bitcoin can be controlled by some people, the price of Bitcoin is very high at this time, some countries may already have Bitcoin through mining, but I am worried that someday when the Bitcoin price increases rapidly, we can only see because the price of Bitcoin is very expensive and in my opinion, if the price of 1 Satoshi becomes $1 in the future, then we will have to save a small Bitcoin for the next 3 to 5 years

[mlawson71]

The countries that have a lot of Bitcoin buy it too, although I am sure there are plenty of mining operations out there too.

[Senin]

States will not accept Bitcoin or other decentralized cryptocurrencies as a scale for measuring wealth. The economy of any state operates on completely different principles.
The high price volatility of the cryptocurrency will not allow integrating bitcoin into the financial system of states. And this is not the only serious obstacle to this. Therefore, you shouldn't even be encouraging yourself. The price is not the main thing in this matter, as many believe. The price of a cryptocurrency is actually only an agreement of the participants in this market about its certain price, since it is not backed by physical values. Today bitcoin can be priced at one hundred thousand dollars, and tomorrow it can be valued at ten dollars. It cannot be a scale for measuring value for states.

[KaliLinux]

We all know gold in the ancient time after it was discovered it became part of the greatest wealth of a kingdom and the treasures that all invaders longed for. Gold is also the best offering in human history as far as treasures is concern (I'm sure even today). There's nothing we can ever imagine as dominant and as popular than gold. Until ten years ago bitcoin was born and no one thought it would be in great value the first time it is introduced to the world except the believers.

Now in just 10 years 1 bitcoin can make someone rich who is living in the third world. Bitcoin market current capitalization is at $227 billion, while gold is 40 times bigger which currently is about $9 trillion. The highest gap is too obvious but of course this is just natural since gold has been in the market long before bitcoin is created.

Though the gap market capitalization of gold is high, we can see that bitcoin bears too much potential to reach the current market cap of gold. It is the first ever currency yet digital that holds an endless opportunity in the market the very unique thing we can compare to gold and might be a scale of a country's wealth in the future.

What do you think?

I absolutely agree with you there. We have seen how some countries Fiat currency are turning to dust, El Salvador made the great move with Bitcoin now we are currently seeing the Turkish Lira is dipping

which means eventually, most countries will face this problem of fiat money losing value due to inflation, and what next, most countries will eventually adopt Bitcoin or Cryptocurrency in some form.

True Gold has been around for generations and has had that adoption by all, even my Grand Parents knows Gold but not Cryptocurrencies but over the years to come, the young crypto enthusiast now will be the Old Crypto Gurus then still being followed by the new young even more crypto savvy youths and maybe the adoption will be more widely spread and as for the market cap differences, it is not that Gold has been constantly increasing in price but just widely adopted as I mentioned earlier.

The Blackline is Bitcoin price movement since back 2011and the yellow line is Golds Price


And this is where we are just yesterday.


Gold is very much stable in price compared to BTC but just the adoption gives it the MC it has right now which can be the same for Bitcoin over the coming years.

[Azharul]

We know that bitcoin is one of the best valuable currency in the cryptocurrency market. We also know that many countries are accepting it's transaction system and banking system. Because it's the very prefer than others currency. We also know that it's popularity is very high level than others. We also know that the price of bitcoin is increasing day by day. I believed that in the future time bitcoin price is increasing, so I think it's the great future for us.

[Evgenklm]

I think these are two different things, gold as a natural fossil can be used in different ways, either as a measure of savings or as a beautiful decoration, is also recognized all over the world, bitcoin is still far from gold, but still sooner or later we will come to the fact that bitcoin may replace gold in real life.

[Bliznec]

Where I live, gold was mined before! The mountain, which is located on the coast of the lake. It was mined by people who lived nearby, then abandoning all work, blew up the mountain and left with the mined gold. Gold, silver are precious metals compared to digital gold called bitcoin. In the third world, bitcoin is the progress of all mankind. Bitcoin could be priced at a million dollars and up very soon. When 1 satosha is valued at 1 dollar. What will certain countries do for this indicator when it is a completely decentralized cryptocurrency. Absolutely nothing, because those countries that will legalize bitcoin, such countries will come out in plus for economic reasons. Bitcoin is doing good today for tomorrow.   

[Alcor]

Experts and analysts have clearly miscalculated the official statements about the Bitcoin price of one hundred thousand dollars by the end of 2021. There are three days left until the end of the year, and the price of bitcoin is now $ 47,514. A little short of one hundred thousand dollars.
I think that states will not be delighted with the rise in the price of bitcoin and will not measure the wealth of the country. On the contrary, if states consider that cryptocurrency, including bitcoin, will pose a threat to the stability of their financial system, then they can take measures so that it is not a scale of wealth.

[Callisto]

You know, this is a very interesting topic for discussion, I even thought about your words and I will answer most likely yes than no, bitcoin can still become the property of a country or region. Sometimes I come across news that politicians from different countries declare their income in bitcoins, what if not the recognition of the value of bitcoin by the politicians themselves?

[Fenix]

You know, this is a very interesting topic for discussion, I even thought about your words and I will answer most likely yes than no, bitcoin can still become the property of a country or region. Sometimes I come across news that politicians from different countries declare their income in bitcoins, what if not the recognition of the value of bitcoin by the politicians themselves?

Cryptocurrency, including bitcoin, is of particular value to people and the state as a whole. But after all, cryptocurrency is not the only value and not even the main value. Therefore, it is hardly worth focusing on this. Cryptocurrency does not yet play a significant role in the global financial system and, apparently, states will not allow it.

[Muneeb22]

Bitcoin is a great project and this will change so many peoples life becasue they will earn good money. Crypto is a great project and this will go high so much in future and those peoples which invest so much money and hold this.

[bayiajaib]

By looking at the enormous development of Bitcoin, I am sure that this Bitcoin will indeed be able to compete with the circulation of gold one day. Where people are starting to get to know technology well. So in the end you will prefer to invest in a more contemporary one, namely investing in Bitcoin.

I think It seems difficult  to happen mate. I don't believe bitcoin has potentially  to compete with the circulation of gold one day.
Gold is born at long years ago and almost every one know what is gold ? but didn't know what is bitcoin, that's the fact.
Gold is more popular and I think it will take along years again, bitcoin will so popular as gold.