New gold will always be found somewhere:
- Deep in the earth
- On the Moon
- On Mars
- In asteroids
- On the many moons for Jupiter and Saturn
- On other planets (and their moons) in the galaxy
But there will NEVER be more than 21 million #Bitcoin!!!
Gold runs on Proof of Supernova. I’ll take it over fiat any day.
A supernova only produces gold equal to the mass of a mountain range.
A Kilonova produces gold equal to the mass of THREE EARTHS!!!
Every second of every day, somewhere in the universe, massive amounts of new gold is being created, and this will continue for trillions and trillions of years.
Currently, only 6.25 new Bitcoin are created every 10 minutes, and in about 1 year that number will change to 3.125. This number will continue to get cut in half (about every 4 years) for 120 years, when there will be 21 million Bitcoin and that's it, no more.
This is why Bitcoin has out preformed gold when looking at the past 3, 6, 9, and 12 year periods, as you can see in these charts.
You are free to continue to buy and hold gold. And if you do that, you're free to have fun staying poor.
There are 700 trillion dollars worth of gold in the oceans! If someone were to find a cost efficient way of extracting it, we’d see a massive rise in supply. #Bitcoin is perfect.
Source:
https://www.earth.com/video/trillions-of-dollars-worth-of-gold-is-stored-in-the-ocean/
