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@ Piecover
2025-04-22 23:49:20
When Gold goes up Peter Schiff want you to buy gold miners to increase the gold supply while dumping on you.
When Bitcoin goes up any miner that comes online increases its value proposition even higher as hashrate goes but supply stay constant.
If Gold market cap doubles your individual gold coin may not necessarily double as miners will be dumping more gold on the market.
But if Bitcoin market cap doubles, your piece of bitcoin is likely to closely doubles as well as there is a very small constant amount coming into circulation.