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Illya Gerasymchuk
Engineering & Finance
User Illya Gerasymchuk -

2026-02-09 12:55

Scarcity Doesn't Make Bitcoin Better Than Gold

Just because something is more scarce, doesn't mean it's more valuable. The number of existing Picasso paintings is much more scarce than Bitcoin - and that number won't increase.

Would you rather have all of Picasso's paintings or all of the Bitcoin? Or maybe that's a bad example. If you own all of the Bitcoin, it's a big question what will the other market participants value it at -- definitely much below the current prices though.

There's a lot more than you can do with gold than with Bitcoin. In fact, the nodes supporting Bitcoin network use gold in their connectors. Not to mention that you can take down Bitcoin, but you can't take down gold (just cut electricity and/or node subnets).

Moreover, saying that gold is "infinite" is wrong technically and practically. There is a big distinction in the amount of gold existent in the universe and Planet Earth, and the amount of gold that's economically viable to obtain.

If your argument on why Bitcoin is better than gold relies heavily on the scarcity aspect - it's probably a weak argument.

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