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Market cap of Bitcoin is just 2.1% of total market cap of Gold



bitcoin gold

Market cap of Bitcoin is currently hovering around $180 billion mark which is 2.1% of total market cap of Gold ( $8.3 trillion )

According to many analysts, Bitcoin is digital gold for new generation as they are looking forward to Bitcoin as a commodity and a replacement of Gold, but if we go with numbers, Bitcoin is actually no way near to the market capitalization of total gold in the world, according to an estimate, there is $8.3 trillion worth of gold in the world whereas according to current market cap and price there is only $180 billion worth of bitcoins in the world making it 2.1% of total value of gold in the world.

Gold is still the safe heaven 

Gold is still the safe heaven for major countries and many countries are holding gold as a safe heaven asset for any economic crash or instability, making it the most valuable commodity in the world, if we are talking about bitcoin as digital gold or replacement for gold then potential of bitcoin is massive because if investors started pouring their money in bitcoin just like they did for gold then bitcoin would be a precious commodity with massive price tag.

If Bitcoin captures market cap of Gold 

If bitcoin some day equals market cap of gold then one bitcoin would be worth around $500000

What is stopping Bitcoin to achieve that?

Acceptability, there is no doubt about the fact that Bitcoin is growing its acceptability by the time and many retailers and institutions around the world are now accepting Bitcoin, but its nit easy to use bitcoin in daily life, you just can’t go to a hotel and but food with bitcoin or you just can’t go to auto showroom and buy a new car by paying in Bitcoins, you have to convert Bitcoins in Fiat currency and then buy relevant things, but Imagine if you could buy anything through Bitcoins like you do with Fiat currency what would be the worth of Bitcoin, the answer is it could be worth hundred of thousands of dollars.

Bitcoin is the next super power for sure 

Due to its nature of faster and cheaper transactions, Bitcoin is grabbing attention of many individuals from International Financial markets, recent announcement of CME is a prime example of that, future is looking great for bitcoin and there is no doubt about that fact that if it reaches market cap of Gold, it can reach to $500000 mark

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Crypto market stabilizing gradually




crypto trading

Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.


Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28


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Take a Crypto Pill




Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.




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Venezuela is the cheapest country to mine Bitcoin




Bitcoin venezuela

Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption



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