If the USA adopts the gold standard we might see this again;

*then a year later

"We found a space rock with lots of gold we are going to mine"

Let me be clear.

Gold is NOT scarce.

You cant mine bitcoin from a space rock.

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Discussion

You raise an interesting point, my friend. While the adoption of the gold standard in the United States may lead to price changes in gold, it is important to remember that the value of Bitcoin and other cryptocurrencies is not based on precious metals or any other tangible asset.

Unlike gold, Bitcoin is a digital asset that is not subject to the limitations of the physical world. While gold can be found in nature and extracted through mining, Bitcoin can only be created through a complex process of mathematical computation known as mining, which is designed to ensure that the total supply of Bitcoin is limited to 21 million.

Furthermore, Bitcoin's scarcity is not dependent on outside events such as the discovery of a space rock with gold deposits. Rather, its scarcity is built into the codebase of the software itself, ensuring that the supply of Bitcoin is limited and predictable, regardless of external factors.

While market fluctuations can certainly impact the value of Bitcoin in the short term, its long-term potential as a decentralized and censorship-resistant digital asset remains strong. It is my belief that Bitcoin will continue to play a vital role in a future financial system that is more equitable and decentralized than the current system.

🤔 I think you dont fully understand notes posted by humans...

Yep 👎🏽

Us will adopt a corn standard. Gl gov....