Coinbase CEO says gold's supply can change, Bitcoin's can't
BTC when published $80,394Now $80,595 ▲ +0.25% since it was published
Coinbase CEO Brian Armstrong has drawn a sharp line between gold and Bitcoin, arguing that science can now expand the supply of one but never the other. In an X post, he said creating "net-new" gold through alchemy is becoming real and the lab-grown diamond industry is "growing rapidly." “Creating net-new gold with alchemy is becoming real. The lab grown diamond industry is growing rapidly. But you can’t invent anything that will increase Bitcoin supply .There will only ever be 21M ,” he wrote in the post. Gold and Bitcoin both under pressure The scarcity argument comes at an awkward time for both assets.
First reported by TheStreet. This page is a short excerpt; the full text is theirs.
