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$500,000: BTC market cap approximately equal to value of all mined gold.

I see that number all the time as well, but i'm confused.

There is less than 2 Trillion in Gold in the entire world. If you divide 2 Trillion / 21 Million (total number of possible bitcoins), you would get BTC of $100,000 equals the market cap of Gold. Not $500,000.

By my math BTC of $500,000 would be 5x the market cap of gold. Would someone explain how my math is wrong?

There's really no actual reason it should have value equal to the value of all mined gold though.

yes, bitcoin is better then gold, will probably get higher

Except, the millions of gold holders (including in jewelry, etc) around the world can transact among each other at any time.

Bitcoin can handle 3-7 transactions per second.

There’s no actual reason that gold should have the value it does, either, other than the global shared delusion of it as a store of value.

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