A US-based fusion startup has reportedly converted mercury into gold, sparking concerns about the potential increase in the global gold supply.
Source
"Gold Supply Concerns Boost Bitcoin's Digital Gold Status" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The development has led to speculation that a surplus of gold could erode its value and, in turn, strengthen Bitcoin's claim to be a better form of digital gold.
Bitcoin's appeal as a store of value and a hedge against inflation has been tied to its limited supply and scarcity, characteristics that gold also possesses.
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