So far the condition that one bitcoin is definitely worth more than one kg of gold. The supply of gold is infinite, but the supply of bitcoin is limited and if we compare the limited with the infinite, it is clear that we cannot provide the same amount of supply as the demand for bitcoin will increase, so the price of bitcoin will increase in the market. On the other hand, due to the infinite supply of gold, as the demand increases, the supply will increase as the price of the fruit will not increase in the market like Bitcoin. If the price does not rise like Bitcoin, then only in the future will the Bitcoin market capture the gold market and move upwards.
Bitcoin has potential to take over the first position of gold, but it is still very new so it looks to be dangerous with many traditional investors, the elderly, the middle aged, and institutional investors.Institutional investors have begun to change their stance on Bitcoin and they are bringing more capital to this market. Microstrategy, Black Rock, many ETFs, many big companies have been participating in this market, and the numbers are growing fastly.
With more demand, more new capital in, price will rise because supply is increasing slower than demand growth as consequence of Bitcoin halvings so far.
How is the 21M Bitcoin cap was defined and enforced
