🟠 Fundamental Take: Scarcity vs. Store of Value
Cathie Wood of Ark Invest reiterates that Bitcoin’s long-term thesis remains intact, even as gold rallies.
The key differentiator is supply dynamics:
• Gold: Elastic supply — higher prices incentivize more mining.
• Bitcoin ($BTC): Inelastic supply — demand cannot create additional coins.
From a macro perspective, assets with hard, enforceable scarcity tend to preserve value more effectively over time. By that logic, BTC qualifies as the “harder” asset.
