«Veteran» trading Peter Brandt recently made a very interesting forecast prices — 67 193 USD. Why this exact number? This strap cryptocurrency will attain if all its market capitalization assuming all mined coins will be of equal value 33 thousand tons of gold that are now on the reserves of Central banks in the world.the
The Script Brandt will be the case if the banks really want to make a bet on either precious metal, or real money. Perhaps in the future their portfolio with a mix of gold and Bitcoin. Now, however, financial institutions focused on the accumulation of one of the two.
This is what one will be worth if the composite value of the Bitcoin (at 21 MM mined) equals the value of the 33k tonnes of Gold held by the world's central banks.
— Peter Brandt (@PeterLBrandt)
The Dollar has no place here and years later he finally could lose status as world reserve currency. The EU and China are already making the first moves to reduce its dependency on the US currency. In 2018 the amount in foreign Bank accounts U. S. Treasury fell to a 15-year low. The average share of the dollar in the portfolios of banks of the world dropped to 62.2%, the 5-year low.
In addition, within the superpower is also brewing problem. US foreign debt not so long ago crossed the mark of 22 trillion dollars. The Federal reserve reduces the liquidity of their assets, and a trade war in the world pushing other countries at the reduced dependence on the dollar.
However, before finally defeat gold, Bitcoins need to cope with their own shortcomings. No matter how it is touted in the public eye, bitcoin is still very volatile trading instrument. Unfortunately, under these conditions BTC will not be able to function as a global reserve.
Venezuela just tried to withdraw $1.2 billion of their own gold out of the Bank of England.
They were denied this request by the bank.
If you don't think uncensorable, unseizable money is going to become the standard, you're absolutely nuts.
Long Bitcoin and Short the Bankers!
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