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Replies to post #34237 on Rimrock Gold Corp (RMRK)
11/15/17 12:01 AM
Bitcoin (and most other cryptocurrencies) are designed to have a fixed supply. Once 21 million Bitcoins have been mined, there will be no more to mine. Thus, Bitcoins, being purely mathematical abstractions, are amongst the most scarce commodities in the known universe. Which means that their scarcity value is much greater than gold, silver, or any physical commodity.
As of this writing, about 75% of all Bitcoins have been mined?—?the last one is projected to be mined around the year 2045. This is why some futurists predict that (a) cryptocurrency will eventually replace gold; (b) replace the U.S. Dollar as the world’s reserve currency; and (c) the price per Bitcoin will eventually increase over a thousandfold to reach $1 Million per coin.
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