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..)
Well, good I didn´t even use that argument then. I am not defending gold, I´m saying BTC is worth nothing.
1-2-3 <-- Three empty sentences. The same goes for water, iron ore, oxygen, soil, etc... What a fcking bs argument.
Then the divisible, transportable, storable and verifiable <-- Sigh. So is every piece of digital information.
The market cap <-- Sure, it is possible, BTCs market cap can grow anywhere, until USDT=USD. So it can become higher than the value S&P500. But what does it really mean?
Think about it.