BTC doesn't have to fight gold, does it?
In fact, BTC is made to defeat fiat. Gold is something different. You can have both BTC and gold. why force yourself to choose one over another?
Gold is good. It made stunning jewelry.
BTC is good. It pays for my coffee.
Lovely! That's exactly what it is! Bitcoin and gold belong to different leagues of assets. They don't have to be compared with each other. Both of these assets have different use cases. In a nutshell, it doesn't matter if bitcoin is more scarce than gold.
On and off, I am seeing a frequent comparison between bitcoin and gold which doesn't really make sense! Even if we consider both as an investment, still they ahould not be compared!
Agreed and as far as
scarcity is concerned between gold and bitcoin, it is a head shaking comparison. Gold is in the elemental chart, having physical properties and it cannot be
forked and be called
gold and
gold cash with 2 communities fighting for which one is the real
gold. Bitcoin is different and complicated. It is scarce but only according to social consensus because it can be forked and have another 21 million coins created in the other chain with another community arriving in consensus that their fork
is bitcoin.