I agree. When the price of gold goes up, it incentivesincentivizes people to mine more of it and the supply goes up.
But more bitcoin can't be created no matter how great the demand and price is rising.
There is a hard limit how much BTC can be mined each day, and that amount is cut in half every four years.
So the supply of bitcoin is not only capped but is also shrinking.

OTOH as the price of bitcoin goes up the supply of altcoins printed out of thin air also goes up by the billions
if not trillions. The amount is unlimited. Shitcoins are a replication of the fiat system of endless money printing,
but ten times worse. The altcoin market isAltcoins are fiat money printing on steroids.

I agree. When the price of gold goes up, it incentives people to mine more of it and the supply goes up.
But more bitcoin can't be created no matter how great the demand and price is rising.
There is a hard limit how much BTC can be mined each day, and that amount is cut in half every four years.
So the supply of bitcoin is not only capped but is also shrinking.

OTOH as the price of bitcoin goes up the supply of altcoins printed out of thin air also goes up by the billions
if not trillions. The amount is unlimited. Shitcoins are a replication of the fiat system of endless money printing,
but ten times worse. The altcoin market is fiat money printing on steroids.

That is trueI agree. When the price of gold goes up, it incentives people to mine more of it and the supply goes up.
But more bitcoin can't be created no matter how great the demand and price is rising.
There is a hard limit how much anBTC can be mined each day, and itthat amount is cut in half every four years.
So the bitcoin supply of bitcoin is not only capped but is also shrinking.

OTOH as the price of bitcoin goes up the supply of altcoins printed out of thin air also goes up by the billions
if not  trillions. The amount is unlimited. Shitcoins are a replication of the fiat system only ten times worse.of endless money printing,
but ten times worse.

That is true. When the price of gold goes up, it incentives people to mine more of it and the supply goes up.
But more bitcoin can't be created no matter how great the demand and price is rising.
There is a hard limit how much an be mined each day, and it is cut in half every four years.
So the bitcoin supply is not only capped but also shrinking.

OTOH as the price of bitcoin goes up the supply of altcoins printed out of thin air also goes up by the billions
if not  trillions. The amount is unlimited. Shitcoins are a replication of the fiat system only ten times worse.