Bitcoin and Gold: A Comparative Analysis of Production and Market Value
Bitcoin's market value is currently about one-third of gold's, with gold production at 3,600 tons annually valued at $540 billion. The total gold on Earth is 220,000 tons, with a 1.6% inflation rate. Bitcoin's production will halve in 2024, currently producing 450 Bitcoins daily, valued at $15 billion, with a 0.8% inflation rate. Central banks are accumulating gold, but businesses are entering the Bitcoin market, which is still young and valued at 1/20th of gold's market value.
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