According to the CIA worldwide M0 is 80T.
Gold above ground is 6B ounces.
Using a gold price at it's high of 1899 this gives a gold market cap of 11.394T
If BTC takes 23.6% store of value share of gold, it gives you a price of $150k. Not to mention STF. Gold, BTC and Silver could all live together in tandem at much higher price levels.
If XRP takes a 23.6% worldwide reserve currency share of M0, it gives you a price of $180.
A couple of things.
1) There is more gold in the ground and on other planets and moons.
2) There is more M0 currency to be printed. It has done nothing but increase. When you add in derivatives etc., the number grows significantly.
3) There is a cap on BTC and XRP but must factor in XLM and other crypto currencies.
If you believe in the limited concept of crypto currency and the underpinnings of blockchain and IOT then crypto is significantly undervalued.
Gold above ground is 6B ounces.
Using a gold price at it's high of 1899 this gives a gold market cap of 11.394T
If BTC takes 23.6% store of value share of gold, it gives you a price of $150k. Not to mention STF. Gold, BTC and Silver could all live together in tandem at much higher price levels.
If XRP takes a 23.6% worldwide reserve currency share of M0, it gives you a price of $180.
A couple of things.
1) There is more gold in the ground and on other planets and moons.
2) There is more M0 currency to be printed. It has done nothing but increase. When you add in derivatives etc., the number grows significantly.
3) There is a cap on BTC and XRP but must factor in XLM and other crypto currencies.
If you believe in the limited concept of crypto currency and the underpinnings of blockchain and IOT then crypto is significantly undervalued.