Comparison between Gold and Bitcoin

If we make a comparison between Gold and Bitcoin, we can see that Bitcoin is beginning its development right now.

Traditional Gold Phase 1
🔸This is because in a traditional gold mining, between the first year and 10 years the miners work the exploration of the mine, for this knowledge of geology, geography, chemistry and engineering is required.

Gold 2.0 (Bitcoin)
🔸Right now we have completed the exploration phase, and we are going to give rise to phase 2 of development.
In this first phase, Bitcoin has proven to be what we all expect it to be, we have a secure, reliable, fast network although with a high energy consumption.
Bitcoin has been exploring the ecosystem for 10 years and there are already countless applications that it has, but there are still many more. In these 10 years its potential has been explored, and now large traditional banking investors are leaving part of their portfolio in our friend Bitcoin.
People believe in it, I personally worry that although Bitcoin is decentralized and public, the applications and companies that continue to develop Bitcoin are not. That the development of Bitcoin falls into the hands of financial giants and although Bitcoin is decentralized, its uses and applications are not.
That is what we will see in Phase 2 of development.

Traditional Gold Phase 2
🔸Between 1 and 5 years. Here the development of the gold mine involves the planning and construction of the mine and all the necessary infrastructure. It is also time to obtain permits and licenses.

Gold 2.0 (Bitcoin)
🔸It is the phase in which we have just entered, Right now Bitcoin is struggling to develop its mining technology, while Ethereum is out of "POW". In this development phase in my opinion we will see many applications and uses in the Bitcoin blockchain. We already had the improvement of segwit and the lightning network. But I think that will become obsolete as we know it, and that they will develop new layers and a "new Bitcoin"

Traditional Gold Phase 3
🔸Between 10 and 30 years the mineral extraction season lasts, in the Gold mines there is always more gold at the entrance to the mine, as progress is made, less gold is found.
A few years ago I was visiting a Gold mine, the largest in the open cast Roman Empire, in Spain 

Gold 2.0 (Bitcoin)
🔸In Bitcoin mining the same thing happens, at the beginning its mining and reward is greater and as time passes because its quantity is decreasing and that is why Bitcoin becomes a deflationary asset. It is estimated that by the year 2140 Bitcoin will be fully mined and if nothing changes, miners will get their rewards for validating transactions.

Traditional Gold Phase 4
🔸At this stage it is time to assess the environmental damage and the mine is usually finished mining, either due to its scarcity or because what remains to be mined and collected is not economically profitable, this I also think could occur with Bitcoin, that the mining is not completed because the energy cost is not profitable, because there are many mining pools working and spending energy at a price and only a "miner" receives the reward and pays the cost of mining.
That is why I also find the proof of stake of ethereum 2.0 very interesting.

Gold 2.0 (Bitcoin)
🔸Here I do not know what will happen, as I said before, it is possible that mining is not profitable, or that I hope for the 1960s that solar energy is being used instead of burning fossil fuels. It is certain that something will develop and that it will go hand in hand with quantum computing.

Stock to flow

Gold reached its historic highs since the day 18 since 2012. In times of crisis, for the covid-19 gold is used as a refuge of value, that is why Bitcoin is so important, since it would be difficult to protect a capital in gold and transport it on a trip eg Bitcoin as gold 2.0.

The model of this indicator treats Bitcoin as if it were Gold, silver or platinum, assets that retain their value due to the fact that there is little material or immaterial ... in the case of Bitcoin.
Gold is the only asset, in addition to sovereign debt, which is held as a reserve asset in the balance sheets of central banks. The breadth, depth and liquidity of the gold market are part of the reason for its use as a reserve asset. 
There are 33,871.36 tons in reserve in the world, although there are nations that do not make their figures public, so there may be more.

Source: lookintobitcoin.com

Stock-to-flow ratios are used to evaluate the current stock of a commodity (total amount currently available) against the flow of new production (amount mined that specific year).
For store of value (SoV) commodities like gold, platinum, or silver, a high ratio indicates that they are mostly not consumed in industrial applications. Instead, the majority is stored as a monetary hedge, thus driving up the stock-to-flow ratio.
A higher ratio indicates that the commodity is increasingly scarce - and therefore more valuable as a store of value.

 

The latest update on this chart places Bitcoin at $ 228,000 but by 2020 it still places it at 10k.
Currently the capitalization of all crypto ecosystem amounts to $ 263,869,736,279 Now I am going to show you other capitalizations of other assets, including gold, of course.

These data are a little sad and disappointing when you see that the 3 richest men in the world could buy the entire cryptocurrency market. So here you realize how small Bitcoiny is and how far we are from reaching such dream quantities.

These are the countries with the most Gold in their reserves.
1️⃣First, we have the US, which has a whopping 8,200 tons of gold equivalent to 300,000 million euros.
2️⃣In second place is Germany, which accumulates 3,400 tons
3️⃣Surprisingly third in Italy, with 2,500 tons
4️⃣Fourth place for France, 2,500 tons
5️⃣Fifth place Russia, 2,150 tons
6️⃣Sixth China, 1900 tons
7️⃣Seventh place Switzerland, 1050 tons
8️⃣Eighth place Japan 770 Tons
9️⃣ Ninth place Netherlands 615 Tons
🔟Tenth place India 610 Tons

The figures are rounded, each kilo of gold is currently priced at 41,000 dollars, and a total of 34,000 tons is accumulated. Gold continues to be the quintessential refuge value.

Here the comparison with Gold 2.0 We are going to do it with the countries that have most of the Bitcoin mining.
Venezuela is the country where it is cheaper to mine Bitcoin, because the price of electricity is cheaper than anywhere else in the world. In South Korea it is extremely expensive to mine a Bitcoin, but still the gigantic China gets almost 80% of the Bitcoin mining.
Iceland is another place where many crypto mining companies have established themselves, but they are having trouble with electricity as these mining farms are spending more than what Icelanders are consuming.
I am a lover of ecology and I love Ethereum 2.0 because in part, it is going to stop a little that energy expenditure to which we are exposed with the mining of cryptocurrencies.