/biz/ - Business & Finance

Anonymous Thu Jul 18 08:18:23 2019 No.14853614 [View]
File: 1.38 MB, 1434x793, 2019-07-18 14_15_45-Giant golden asteroid contains enough heavy metals to make everyone on Earth a b.png [View same] [iqdb] [saucenao] [google]

>>14853519
yep the funny thing is, when people estimate the market cap of gold, it's always a lower bound. nobody knows how much gold is actually sunk in the sea on ancient boats, or if there is a huge goldmine waiting to be discovered next year, or if asteroid mining advances.

with bitcoin, it is always an UPPER BOUND. nobody knows how much bitcoin was lost forever on malfunctioning HDDs, death of hardware wallet owners, nobody knows the pin of, burnt paper wallets, destroed notebooks, etc.
we only know the theoretical maximum amount of BTC in existance and deduct the marketcap from that. 2 tril actual marketcap could already be 500k/BTC

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