Replying to Avatar Jor

Something's going on with bitcoin.

What do you think? https://v.nostr.build/VZ119nCzVLIScnqH.mp4

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Satosha 10mo ago

It is the price parity phase .. ultimately one bitcoin will be 10 kilos of gold in 2033 ..

Because only 21 million bitcoin and there is 210 million kilos of gold .. ten x

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nicnym 10mo ago

This 210 million kilo number is growing by about 1.5% per year and it will continue to do so.

There is no limit to the amount of gold we can extract, if we really needed to we will continue to get it from other planets.

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Satosha 10mo ago

Gold is around 190 million kilos now .. my projection is 210 million by 2033 .. ..

Yes sure .. it will grow ..but after that may be things will fully migrate to bitcoin ..

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Satosha 10mo ago

So the incentive to dig out more will be determined by utility value ..rather than store of value ..