The Endless Stream of Gold: Is Bitcoin the True Sc

Watch the news: Saudi Arabia has discovered another gold worth $50 trillion.In fact, gold is not scarce on the earth. There is still a large amount of gold within the earth's crust that has not been mined, let alone in the universe. Every supernova explosion or neutron star collision will produce a large amount of gold in an endless stream. Holding gold is not an anti-inflation investment. Before liberation, a gold bar could buy a courtyard house. Now a 1kg gold bar costs less than 500,000, barely enough to buy a toilet.Therefore, many people say that Bitcoin is electronic gold, which completely belittles Bitcoin. It is only a matter of time before Bitcoin's market value exceeds gold. Bitcoin is truly scarce in this universe, with only 21 million. The total amount will only decrease due to loss for various reasons, and there will be no additional issuance. BTC is also fully capable of interstellar transfers. Due to the limitation of the speed of light, interstellar communication takes time. For example, signal propagation from Earth to Mars takes more than ten minutes, which is on the same order of magnitude as the block generation time of the Bitcoin network.

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