Buffett, the most successful investment tycoon, once said: "If the world's gold were melted together into a square, its side length would only be about 20 meters." Is there really so little gold in the world and is it so difficult to mine gold just as mine bitcoin with t9 antminer? How much gold is currently mined worldwide? Since ancient times, humans have been very familiar with gold. It is one of the earliest metals discovered and used by humans. There are written records of the production and use of gold in ancient Egypt. During the Warring States Period in my country, gold was circulated among the upper classes. Gold has been used by humans to this day. It has a...
Bitcoin experienced roller coaster price fluctuations from 2017 to 2018. as the country regulated Bitcoin trading venues, stopped ICO, and Bitcoin China stopped users Registration and other events, the price of Bitcoin began to plummet. Subsequently, with the launch of Bitcoin futures by the Chicago Mercantile Exchange in the United States and the introduction of the Japanese government's loose policy towards Bitcoin, Bitcoin began to have calls for developing into a "future currency". The price of overseas Bitcoin once approached US$20,000, and recently it has Hit back the $10,000 mark. At the same time, various doubts or admiration views on Bitcoin have begun to permeate the market. In the context of global currency inflation, frequent asset bubbles, and competition among...
What if all the gold in a certain country disappears overnight? This is an assumption that is difficult to implement in the real world. 1. Let’s first look at what gold is? Gold was once currency, it was once the "collateral" (gold reserves) for banks to issue banknotes, and it was once the reference for determining currency exchange rates around the world (Bretton Woods system). However, since the United States became overwhelmed and discovered that gold was rapidly flowing to benefiting European countries, it announced the dissolution of the Bretton Woods system and replaced it with the Jamaica Agreement. This agreement clearly stated that the U.S. dollar would no longer have an exchange relationship with gold, and gold would no...
ETH is probably the most liquid aside from BTC, so naturally its volatility is much lower than altcoins. It will certainly catch up. BTC is up a significant amount via the ETF narrative and also kind of acts as a proxy for crypto as a whole since it gets the most exposure. Since September 1st, BTC is up 40%, SOL is up 100%, LINK is up 150%, MATIC is up 46%, ADA is up 40%, DOT is up 30%. AVAX is up 31%. And ETH… ETH is up 16%. These are all large-cap tokens too. Even DOGE is up higher than ETH (19%). ETH dominance is dropping to its lowest level since the 2022 summer crash, both against BTC and...
