Never forget: Trump himself called the whole thing a hoax from day one.
And that's exactly why he despises Thomas Massie. Massie ripped the mask off and exposed him as the disgusting liar he is.
https://t.co/M9ASrYG2ke
Trump rolls out the red carpet for war criminals like Putin.
Not a single U.S. official greets Zelensky.
The message couldn’t be clearer: Trump favours dictators & tyrants.
Why Bitcoin Will Surpass Gold
A conservative, first-principles proof
A First-Principles Supply Analysis
This conclusion relies on neither narrative, ideology, nor the extrapolation of recent price action. It is derived entirely from supply mathematics and thermodynamic constraints under deliberately conservative assumptions.
I approach this comparison with direct operational experience in both areas: I have developed a gold mine, and I have converted natural gas into electricity for Bitcoin mining. When these two systems are evaluated by their underlying cost and supply functions, the outcome is mathematically distinct.
Bitcoin’s monetary mechanics dominate gold’s over time.
1. The governing principle
In any competition between two stores of value, a system with exponentially decaying new supply will always mathematically overtake a system with linear supply growth, provided demand remains non-zero.
Gold: Supply expands at a roughly constant percentage rate forever.
Bitcoin: Issuance decays exponentially by protocol until it reaches zero.
This single asymmetry dictates the long-run outcome.
2. Gold: elastic supply, dilution under demand
Gold functions as a classical extractive commodity. Its supply is elastic:
1. Price rises.
2. Marginal deposits become economic to mine.
3. Capital flows into exploration and equipment.
4. Production increases, expanding above-ground supply.
5. Price pressure eases (dilution).
Annual mine output adds roughly 1–2% to the existing stock. Higher prices simply unlock lower-grade ore and deeper shafts. Gold is energy-intensive, but it is not supply-capped. In the gold market, demand ultimately converts into supply dilution.
3. Bitcoin: Inelastic Supply (Hardening under Demand)
Bitcoin inverts commodity economics. Its supply is perfectly inelastic:
1. Price rises.
2. More hash power is deployed.
3. Network difficulty adjusts upward.
4. New supply remains fixed.
The issuance schedule is immutable and capped at 21 million. Increased demand cannot increase the quantity of Bitcoin; it can only increase the amount of irreversible energy (security) embedded in the network. Bitcoin stores demand as thermodynamic work. Scarcity compounds.
4. The Halving: Enforced Exponential Scarcity
Bitcoin’s halving mechanism enforces the conservation of energy expressed monetarily. Every four years, the block subsidy is cut in half.
If the hash rate remains constant, the energy cost to produce one bitcoin doubles overnight. For miners to remain in equilibrium, the price must rise over time to match the rising thermodynamic floor. Gold has no equivalent mechanism.
5. Diverging Cost Functions
This leads to a permanent divergence in cost curves:
Gold: Marginal cost rises linearly. Supply softens.
Bitcoin: Marginal cost rises exponentially. Supply hardens.
6. THE CONSERVATIVE CROSSOVER MODEL
To determine when #Bitcoin flips Gold, we strip away bullish sentiment and look at the math using conservative baselines.
THE STARTING STATE
• Gold Market Cap: ~$30 Trillion (High-end est. w/ jewelry, bullion, reserves)
• Bitcoin Market Cap: ~$1.8 Trillion
• Initial Ratio: ~16.7x differential
THE ASSUMPTIONS
• Gold: Grows at 2% / year (Stable real price + supply expansion)
• Bitcoin: Market cap doubles every 4 years (~19% CAGR, significantly lower than historical avg)
THE EQUATION
Solve for time (t) where Bitcoin equals Gold:
1.8 × 2^(t/4) = 30 × (1.02)^t
THE SOLUTION t = ln(16.67) / [ (ln2 / 4) - ln(1.02) ]
t ≈ 2.810 / (0.1733 - 0.0198)
t ≈ 18.3 years
7. Interpretation & Implication
Under these muted assumptions assuming modest gold growth, slow bitcoin adoption, and zero monetization shocks Bitcoin overtakes Gold in approximately 18 years.
This parity implies a Bitcoin market cap of ~$30 trillion. With ~20 million coins outstanding, this corresponds to a price of roughly $1.5 million per Bitcoin.
The precise timeline depends on adoption speed; the direction, however, does not.
Final Conclusion
Gold is an extractive commodity where demand expands supply. Bitcoin is a thermodynamic protocol where demand hardens supply.
One dilutes under pressure; the other compounds.
Physics and mathematics determine the superior store of value. Narratives are irrelevant. Bitcoin does not compete with gold; it obsoletes gold’s monetary role through superior mechanics.
Exhibit A: The gold-to-Bitcoin market-cap ratio is collapsing. The decline is not cyclical or random; it follows a clean power-law decay R² ≈ 0.96.
To all the Ukrainian warriors in trenches tonight on Christmas defending freedom in Ukraine, Europe, and the world, thinking of you. In awe of you. #SlavaUkraini !
"America will help you surrender on the beaches, we'll help you surrender on the landing grounds, we'll help you surrender in the fields and in the streets, we'll help you surrender in the hills..." -- JD Vance
Cartoon by Kluddniklas