News for hackers. Stuff that matters.

A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by Alex3917 on Thursday December 03, 2020 @11:34AM (#25290670)
As a store of value it's better than gold in some ways, because you don't need to physically store it. But unlike gold, which can appreciate in value indefinitely, Bitcoin is mathematically capped in how much it can appreciate in value because the expected value of mining and purchasing need to go to par.
[ Parent | on HN ]
Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by gruez on Thursday December 03, 2020 @12:14PM (#25291351)
>But unlike gold, which can appreciate in value indefinitely, Bitcoin is mathematically capped in how much it can appreciate in value because the expected value of mining and purchasing need to go to par.

I don't think you're using the term "appreciate in value" correctly. I think what you meant to say is that gold can be mined infinitely (on earth, in space) and therefore has potentially infinite supply, whereas the total supply of bitcoins is capped at 21 million.

[ Parent | on HN ]