Damn dude, never looked at it in that way 😂
But I also don't pay attention to gold 😅
Discussion
Price going up to creates incentives for miners to start looking for gold deposits.
And if they find and process new gold, it introduces new supply and selling pressure into the market.
Bitcoin on the other hand cannot be found. Price and demand going up would only mean new bitcoin is more difficult to mine.
Great way to get Gold bugs to understand that Bitcoin is much more than digital gold.
Oh, I thought if gold was appreciating they just make up some bullshit story about finding massive amounts of gold to bring the price back down so people wouldn't have so much gains in their investment, so they would stay poor 😅
😂😂😂😂😂
That's the thing. There's no means of verification.