Gold How does Bitcoin compare to gold? After all, some people still consider gold to be the real money. It is certainly the gold standard to which other currencies must be compared. We begin with the World Gold Council's figures.

The world has about $400 trillion in wealth if translated to U.S. dollars. This consists mainly of stocks, bonds, real estate, business equity, and cash. All the gold in the world is worth maybe $10 trillion, based on the World Gold Council’s estimate of how much gold has been mined and what the per-ounce price is.

In 2013, Eric Posner, a law professor at the University of Chicago, stated that 'a real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion.' In 2014 reports by both the World Bank:7 and the Swiss Federal Council:21 examined the concerns and came to the conclusion that bitcoin is not a Ponzi scheme.

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