In this important table, it is seen that the total value of all coins against physical gold has reached 17.84%, while Bitcoin alone has reached 10.25%. Some experts look at the situation only from this perspective and call Bitcoin as “virtual gold”.
However, this is a complete deception because just like these virtual cyrpto coins, gold and silver also have many virtual investment instruments such as ETCs, ETFs, gold and silver accounts, certificates, funds, futures and options.
In fact, the ratio of paper gold to physical gold is 127:1, while the ratio of paper silver to physical silver is much higher at 380:1. Therefore, when we recalculate by taking these amounts into account, the total market value of gold, including paper gold, increases to 2.3 quadrillion dollars, and the total market value of silver, including paper silver, increases to 670 trillion dollars.
In this context, the total value of all coins falls to only 1.4 parts per thousand of gold, and the weight of Bitcoin falls to 8 parts per ten thousand.
Gold and silver investments are still the instruments that people use to evaluate their savings the most. And this investment desicion doesn't look to change for a long time.
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