A quick chart of Gold versus Bitcoin market cap. This chart assumes 15 million bitcoins in circulation as many experts claim 4 million coins are lost from the 18.5 million in circulation today (see this link on lost coins/ and this link on circulating coins. I used this link for estimating total gold above ground.
I am aware that TradingView provides a market cap calculation via CRYPTOCAP, however, I wanted to account for lost coins.
The anecdotal names on the bitcoin cycles are for trolling purposes only ;)
I am aware that TradingView provides a market cap calculation via CRYPTOCAP, however, I wanted to account for lost coins.
The anecdotal names on the bitcoin cycles are for trolling purposes only ;)