Ripple Discussion featuring Jim Rickards - General ...

BitCoin Valuation, Answered

Answer: $20,000 low-end-$95,000 high end, using today’s stats and prices.
I am a long time lurker and first time poster. As a student of financial history and capital markets I felt compelled to answer this question. Hopefully you enjoy the analysis and I look forward to some meaningful exchanges that arise out of it.
In finance, to derive a value you need to have something comparable (“comp”) to the object being valued(1).
For this exercise, I am operating under the pretense that Bitcoin (“BTC”) is a mechanism to store value, therefore gold has been chosen as the closest comp to BTC(2). Currently the cash cost to produce an ounce of gold is $150(3). Unfortunately, new industry standards will skew the direct cash cost of producing gold because of an industry push to include indirect costs or “all-in sustainable cash costs”(4). Since mining BTC does not incur the same type of costs (absent energy and upfront equipment) those indirect costs will be ignored for this exercise. At the time of writing this post, gold is valued at $1,290/oz(5). Using arithmetic, gold is valued at 8.6x (1,290/150) production costs.
Using BlockChain(6), it costs $2,377 (Electricity Cost/(Blocks Mined * 25)) to mine one BTC. At the time of this post 129 blocks were mined. Applying our derived 8.6x production cost multiple, BTC is valued at $20,000 on the low end. Given that the gold market is heavily distorted through central bank intervention and derivatives the prices of gold is suppressed(7). The true value of gold is $6,000/oz if you agree in tying the price of gold to M1 currency supply (note that the author’s range is $3-7,000(8)), therefore our derived suppression multiple is 4.65x ($6,000/$1,290). When you apply our suppression multiple to $20,000, that multiples out roughly to $95,000.
Key Takeaways:
Buy in small chunks for the long haul. Smart government regulation will only benefit BTC as it will lead to wider adoption.
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Jim Rickards - Bitcoin Looks Like A Bubble - 14 Jun 17  Gazunda Economist Jim Rickards On Gold Versus Bitcoin - YouTube James Rickards: Bitcoin is a Fraud, a Ponzi, and a Bubble James Rickards  Forecasting the Bitcoin Bubble Jim Rickards on Bitcoin, Blockchain, and The Daily Reckoning Australia

Rickards then disposes of the even more pernicious myth that the true gold standard caused and perpetuated the Great Depression. The Great Depression, conventionally dated from 1929 to 1940, was ... Economist Jim Rickards On Gold Versus Bitcoin. Categorie: Video. Score 0. reageer als eerste. Vorige Is Bitcoin a Bubble? Volgende I Tried To Become A Bitcoin Millionaire. Gerelateerde berichten. Bitcoin VERY Dark Analysis – June 2020 Price Prediction & News Analysis; MASSIVE BITCOIN MOVE COMING IN 48hrs! MINERS DUMPING BITCOIN! WHO IS TRYING TO BUY ALL THE BITCOIN? ANÁLISE BITCOIN Técnica ... Economist MBA Currency Wars Pulse Case for Gold Bitcoin Author Dollar Financial Interview James Health Death of Money Wall Street: Netzwerk-Profile (1 - 4 von 19 – alle anzeigen) LinkedIn: Jim Rickards Berufsprofil - LinkedIn. Sehen Sie sich das Profil von Jim Rickards auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Zu Jim Rickards' Berufserfahrung zählt: The 9 Group, Four ... Bitcoin. comments; other discussions (1) Want to join? Log in or sign up in seconds. English; limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" find submissions from "" url:text search for "text" in url selftext:text search for ... Jim Rickards, the gold bug, is complaining about the finite number of bitcoin or xrp. Wow. It's a great characteristic because virtually every fiat currency ever created has been inflated away. The people deserve a store of value which also serves as a currency that is not subject to the printing whims of the government bureaucrats. That was the fundamental reason behind the creation of ...

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Jim Rickards - Bitcoin Looks Like A Bubble - 14 Jun 17 Gazunda

Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,00... BUY A LEDGER NANO X or S To Keep Your Crypto Safe! #XRP #Ripple #Crypto SUPPORT Me On PATREON! Economist Jim Rickards On Gold Versus Bitcoin - Duration: 8:12. Money Insider 219,384 views. 8:12. Language: English Location: United States Restricted Mode: Off History Help About ... Economist Jim Rickards On Gold Versus Bitcoin - Duration: 8:12. Money Insider 236,530 views. 8:12. Unbranded YouTube Movies. Documentary; 1:45:34. This Strategist Expects A Global Recession In ... Economist Jim Rickards On Gold Versus Bitcoin 07 👉Helicopter Money Will Lead To Hyperinflation , Recession ,Market Crash, Economic Collapse 2020 DOLLAR COLLA...