Quote from: dohh on Today at 06:18:59 AM

Quote from: virtualdn on May 17, 2022, 12:32:24 PM

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC

So is my saliva. And that is NOT where the similarities end.

My saliva is also encrypted with my DNA. You can´t reproduce it, without being me, but you can easily check its authenticity.
Its supply is whatever my salivary glands can produce and that supply also degenerates, as I get older. Until every last bit is produced.

So all these bullsh*t arguments about scarcity... are just empty.

1BTC will enter $x,xxx zone, then $xxx, and then just $x. Until it finally arrives at its fundamental value.

Comparing gold with Bitcoin always puts Gold in a very bad place. The most heavy argument by defenders of Gold is that it exists thousands of years ago. That's not something small but there is a reality:

1) Nobody knows how much gold (really) there is already mined in the world
2) No one knows how much gold is (really) mined each year in the world
3) No one knows how much gold (really) remains to be mined in the world
The answers to questions 1,2 and 3 for Bitcoin are yes.

Aside from the scarcity issue, which is objectively much better for BTC, Bitcoin is much more easily divisible, transportable, storable, and verifiable.

I don't have any doubt that Bitcoin will overtake gold in market cap in the next few years (not that many..)