Recently, a large mine was discovered in Saudi Arabia - a mixed deposit of 11 million tons of gold, silver, copper, and zinc. This is actually quite interesting, think about it, traditional precious metals like gold and silver can theoretically still be continuously extracted from deep within the Earth, and the supply could suddenly increase one day.
But Bitcoin is different. 21 million coins, hard-coded, no one can change it. This kind of hardcore scarcity is what true "digital gold" should look like.
Following this logic, after experiencing two or three more bull market cycles, BTC's total market value surpassing gold and becoming the king of global assets seems not to be a fantasy.
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MetaverseVagabond
· 11h ago
No matter how much mining is done in Saudi Arabia, it’s all in vain; what’s truly explosive is the code that is hard-coded.
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AltcoinHunter
· 12h ago
Saudi Mining, to put it bluntly, is just endorsing BTC. Metals on Earth can be mined at will, but Bitcoin? There will always be only 21 million coins. The difference... I bet five bucks that after two more bull run cycles, all the institutions will enter the market.
Recently, a large mine was discovered in Saudi Arabia - a mixed deposit of 11 million tons of gold, silver, copper, and zinc. This is actually quite interesting, think about it, traditional precious metals like gold and silver can theoretically still be continuously extracted from deep within the Earth, and the supply could suddenly increase one day.
But Bitcoin is different. 21 million coins, hard-coded, no one can change it. This kind of hardcore scarcity is what true "digital gold" should look like.
Following this logic, after experiencing two or three more bull market cycles, BTC's total market value surpassing gold and becoming the king of global assets seems not to be a fantasy.