🚨 Disregarding historical context, let's concentrate on the present situation regarding gold.
Reports indicate that Saudi Arabia has discovered a significant new gold reserve. Likewise, China has announced a substantial gold discovery.
What implications does this have? I cannot guarantee accuracy — but it seems to me reminiscent of the Terra/Luna situation: when individuals become aware that the supply is much greater than previously thought, the narrative can change quickly. Whether you refer to it as undisclosed supply, unforeseen reserves, or newly accessed resources, major discoveries like these have the potential to alter perceptions of gold's scarcity — which may impact demand.
Now, let’s examine Bitcoin in contrast.
The interest the United States shows in Bitcoin is straightforward: it has a capped supply. There are no unexpected finds. No new “mines” that could suddenly double the available quantity.
This limited availability is the essential distinction — and arguably the main reason why Bitcoin is perceived quite differently from gold in the current climate.
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