$BTC: A THOUGHT EXPERIMENT Suppose technology eventually makes gold abundant. Manufactured gold. Asteroid mining. Whatever the path. What happens to Bitcoin’s price? $500K? $1M? $2M? Maybe that’s the wrong question. The deeper question is: What becomes more valuable as technology makes almost everything else easier to produce? Gold’s scarcity depends on geology and technology. Bitcoin’s does not: 21M In a world of increasing abundance, absolute scarcity will become more valuable.
DavidShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.