Part 4/12:
Bitcoin’s Scarcity: Ten Times More Scarce Than Gold
A key point of discussion revolves around Bitcoin’s incredible scarcity relative to gold. Bitcoin is about 10 times more scarce than the equivalent worth of gold, a finding attributed to Bitcoin maximalist and researcher Adam Back.
To put a number on this, Back’s model implies that if Bitcoin’s ratio to gold parity reaches 10 kilograms per Bitcoin (with 1 kg of gold roughly valued at $2,300), the theoretical price of Bitcoin could soar to approximately $11.8 million. While such projections are speculative, they highlight Bitcoin’s potential as a scarce digital asset.