Degen

Caught a fairly recent interview with Charlie Munger where he said he’s against Bitcoin because he doesn’t believe in its scarcity. He argued that unlike gold, if there’s enough incentive, someone will figure out how to make more of it.

Thought that was an interesting take.

Hope everyone has a great holiday weekend!

Hi Jacek, In my humble and inexpert opinion, both, gold and btc have the same opportunity. If one day there is a greater interest in gold no longer being worth anything, then that will be the case, and the price will go to the underworld. In this world, everything depends on the value we give it; the rest is unsure.

yeah, what if we find some gold asteroid and gold becomes worthless? 🤯 no clue if that’s realistic.

Yes, it is realistic. Many asteroirs have large quantities of valuable metals. Space mining isn't as far away as it seems.