Price Prediction
Bitcoin Threatens Gold’s Value
Bitcoin advocate Robert Breedlove argues that Bitcoin mining drives investment in cheaper energy, potentially making gold production cheaper than mining. This could reduce gold's scarcity and appeal as a store of value. Breedlove points to breakthroughs in gold production by fusion startup Marathon Fusion, which claims to convert mercury into gold at a rate 10 times faster than previous records. However, the process must become economically viable for gold to lose its scarcity premium.