chepicap.com
A well-know crypto trader, going by the handle RhythmTrader, says the only flipping he cares about is the one where Bitcoin flips gold. 'The flip is inevitable.'
RhythmTrader is only interested in one kind of flipping, and that is the one where the world's number one cryptocurrency, flips gold.
The 'explorer of Bitcoin and cryptocurrencies', states that in today’s digital age, Bitcoin as a digital storage of value, will flip the actual physical gold, which according to him, is inevitable.
'Once BTC overtakes gold, each Bitcoin would be worth over $350,000', he tweets.
The only flipping I care about is Bitcoin vs Gold.
— Rhythm (@Rhythmtrader) May 28, 2019
Gold: $7.5 trillion
Bitcoin: $155 billion
Once bitcoin overtakes gold, each bitcoin would be worth over $350,000.
We live in a digital age, the flip is inevitable.
The RhythmTrader isn't the only one who thinks Bitcoin will eventually 'flip' gold.
As we all know, there will only ever be 21 million Bitcoin in existence, with a vague approximation of the last Bitcoin block to be mined in 2140. Bitcoin is scarce and has utility as a superior way to store and exchange wealth.
Bitcoin's scarcity already had a huge impact on the demand for Bitcoin and this will continue as time goes on and supply continues to decrease. There is no doubt that digital scarcity will make Bitcoin exponentially more valuable over time.
Many make the claim that this set market cap makes Bitcoin already more desirable than other assets. More desirable than gold even, which could end up being replaced by Bitcoin entirely.
One more coincidence: If the next #bitcoin rally (in 2021?) does indeed reach $333,000, that’ll bring Bitcoin’s price to roughly that of #Gold, at $7 trillion each!#BitcoinGoldFlippening https://t.co/LNDayQIW2z
— Bobby Lee (@bobbyclee) December 8, 2018
Yes. #Bitcoin is bound to surpass #gold in my lifetime.
— Bobby Lee (@bobbyclee) December 8, 2018
Over the next two decades, #Bitcoin will replace #gold as the leading commodity to store value
— Brendan Blumer (@BrendanBlumer) March 17, 2019