If the total value of the world is 5 quadrillion USD and gold’s 253,000 tons total value is 16 trillion USD, then bitcoin’s value should be 321 million dollars. If I do this for oil, I get 250 million dollars. If I do corn, 240 million. Cattle, 240 million dollars.
Bitcoin is the base currency. If gold is valued at 50400 bitcoin, it will always be 50400 bitcoin in the context of the soundest money ever created.
Excuse the rounding errors.
https://money.howstuffworks.com/how-much-money-is-in-the-world.htm
