Adam Back emphasizes that the influx of gold from the Psyche 16 asteroid will lead to its devaluation, collapsing gold prices. In contrast, Bitcoin’s capped supply and scheduled halving events upholds its attractiveness among investors.
Elon Musk’s suggestion of forming a new political party and his critique of fiat currency has further elevated Bitcoin’s profile. With Musk’s large following, Bitcoin gains exposure and interest, potentially marking a transition into mainstream acceptance.
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