In a recent speech at the Bitcoin Atlantis conference, Jack Mallers, head of the Strike payment app, expressed his belief that the first cryptocurrency is superior to gold due to its limited supply and decentralized nature.
Unlike gold, which can be mined indefinitely if there is demand, Mallers emphasized that the amount of Bitcoin in circulation is strictly regulated and will never exceed a certain limit. This predictability gives Bitcoin a unique advantage over other currencies.
In fact, Mallers even joked that finding more Bitcoin would require the ability to time travel. Mallers specifically attributes the current high value of Bitcoin to its strictly regulated release schedule, which can be seen as a “decentralized clock” created by its anonymous creator, Satoshi Nakamoto.
This strict release schedule has attracted Wall Street investors, who are interested in acquiring more Bitcoin but are limited by its predetermined supply.
According to Mallers, this is why Bitcoin has reached its current price of $60,000, as demand for the cryptocurrency continues to rise.
