Mark Harvey
Bitcoin & Equity Investor, Engineering/Finance Background, MSTR/TSLA/SPCX
Marathon Fusion's reported gold-from-mercury demonstration sets up what should be an amazing liquidity flow from gold to Bitcoin. The company says it made stable gold at ten times CERN's previous record. x.comÂ
Gold's scarcity is vulnerable to synthetic creation. Marathon Fusion says it demonstrated high-rate conversion of mercury into stable gold. By contrast, no 21,000,001st ZEC can ever be made; Zcash is the 21st century's store of value. x.comÂ
Central bank reserves will never let gold fade. That is the answer to @legitamit's concern about gold's eventual risk after Marathon Fusion's claim of turning mercury into gold. x.comÂ
Bitcoin benefits as the risk of creating gold through alchemy has entered public consciousness. That perceived threat to gold's scarcity supports a long Bitcoin position as a persistent theme. x.comÂ
Gold-making machines are real, undermining gold's scarcity. Gold goes to zero; unlike Bitcoin, whose supply is fixed at 21 million, new gold can be made. x.comÂ
Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com x.com x.comÂ
Bitcoin's fixed 21 million supply makes it preferable to oil, gold and silver, whose higher prices encourage more production. Sell those three commodities and buy Bitcoin. A gold-normalized historical scarcity-resistance ranking scores silver 83.6 and WTI oil 72.1 against gold's 100; it tracks historical loss of purchasing power to Bitcoin, not physical scarcity. x.com x.com x.comÂ
Gold will see a diamond-like price decline if lab-grown gold takes hold. The quoted post says lab-grown diamonds halved diamond prices since 2016; gold is currently the largest asset class on Earth, so its money moving into Bitcoin could be consequential. x.comÂ
Gold faces confiscation risk that Bitcoin held through memorized seed words may avoid. Americans had to surrender gold for $20.67 an ounce in 1933; a year later it was priced at $35. That risk does not overturn owning both. x.comÂ
Historic debt levels and currency debasement make Bitcoin's role as a store of value more important than ever, countering Jason Calacanis's call to sell it. x.comÂ