Bitcoin is now more scarce than gold
1481 sats \ 11 comments \ @nym 20 Apr charts
The model suggests Bitcoin's price hinges on its scarcity, gauged by the stock-to-flow ratio, comparing the amount in circulation to newly mined coins. Higher ratios signify greater scarcity, akin to gold's historical average of 66. After Bitcoin's third halving, its ratio doubled, enhancing its scarcity.
Meanwhile, the Grayscale Bitcoin Trust's recent halving, losing 300k BTC since the launch of spot Bitcoin ETFs, may have a more immediate negative impact on Bitcoin's price.
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31 sats \ 0 replies \ @Satosora 21 Apr
Im pretty sure btc has always been more scarce. The gold on this earth that has been mined is still on this earth. Btc keeps diminishing everytime someone carelessly loses their key. Lol
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17 sats \ 0 replies \ @StillStackinAfterAllTheseYears 20 Apr
Sounds fake. I've got way more Bitcoin than gold.
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16 sats \ 0 replies \ @DesertDave 20 Apr
It always has been. No way to know how much gold there is.
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8 sats \ 0 replies \ @Coinsreporter 21 Apr
I can't help to say this that Bitcoin has always been more scarce than Gold since its birth.
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8 sats \ 0 replies \ @Taft 21 Apr
It is obvious that Bitcoin is more scarce than gold.
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6 sats \ 1 reply \ @Bell_curve 21 Apr
I love his substack
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6 sats \ 0 replies \ @Bell_curve 21 Apr
Ecoinometrics
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6 sats \ 0 replies \ @OT 20 Apr
Always has been
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6 sats \ 0 replies \ @026180d3a3 20 Apr
Go ahead and give me all your gold then.
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6 sats \ 0 replies \ @IamSINGLE 20 Apr
Whoa! I don't know but how can we relate a fix supply with a floating one?
Bitcoin is a fixed supply.
Gold, Noone knows exactly.
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6 sats \ 0 replies \ @riberet19 20 Apr
So, following this model, Bitcoin will be the scarcest asset in the world in 1 or 2 cycles, if it isn't already.
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