Bitcoin’s Edge Over Gold: Decentralization and Limited Supply

The premier cryptocurrency surpasses gold due to its limited supply and decentralization, according to Jack Mallers, CEO of the payment app Strike, at the Bitcoin Atlantis conference, reports CCN.

He argues that Bitcoin’s finite supply and predictable, unchangeable issuance give it an advantage over other currencies.

“With enough demand for gold, we will find more of the precious metal in the ground. […] If you want to find more BTC, you will have to learn to travel through time,” Mallers stated.

The CEO of Strike emphasized that the strictly regulated schedule of new coin issuance from the start is behind the price increase of the first cryptocurrency. He referred to this as “Satoshi Nakamoto’s decentralized clock.”

“That’s why we are now at the $60,000 level. Because Wall Street wants more Bitcoin but cannot travel into the future to get it,” Mallers added.

Earlier, Andre Dragos, head of research at ETC Group, stated that in the long term, the first cryptocurrency will undermine gold’s position as the primary store of value.

Experts have noted a shift of capital from precious metal-based ETFs to Bitcoin funds.