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Another reason Bitcoin is better than gold.
From 2009 to 2024, annual Gold production has increased from 2,450 tonnes to over 3,300 tonnes, an increase of 34.69% over 15 years (an additional 1.5 million+ ounces PER YEAR). Broken down to the Bitcoin halving cycle, that's an average increase of over 9% every 4 years. Bitcoin on the other hand has decreased production over the last 15 years. In that time frame there have been 4 halving events, each reducing production by 50%. The total amount of Bitcoin produced per block has dropped by 93.75% submitted by /u/DoughnutPi [link] [comments]
From 2009 to 2024, annual Gold production has increased from 2,450 tonnes to over 3,300 tonnes, an increase of 34.69% over 15 years (an additional 1.5 million+ ounces PER YEAR). Broken down to the Bitcoin halving cycle, that's an average increase of over 9% every 4 years.
Bitcoin on the other hand has decreased production over the last 15 years. In that time frame there have been 4 halving events, each reducing production by 50%. The total amount of Bitcoin produced per block has dropped by 93.75%
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