US Startup Successfully Develops Artificial Gold, Highlighting Bitcoin Scarcity
A US startup, Marathon Fusion, has successfully developed artificial gold, drawing attention to the scarcity of Bitcoin (BTC). As the possibility of increased gold supply is raised, the relative strength of Bitcoin, which has a fixed total issuance of 21 million coins, may become more pronounced. According to a statement released on the 21st, Marathon Fusion announced that it has succeeded in an experiment to convert mercury into gold. They explained that they utilized high-energy neutrons generated during the nuclear fusion process to transform the atomic nuclei of mercury into stable gold. However, it remains uncertain whether this experiment will lead to mass production of gold, and the actual production volume and costs have not been disclosed. The commercial viability of the technology also requires further validation. Analysts suggest that if gold supply expands, it could impact existing valuations. Bitcoin, even with advancements in mining technology or the emergence of new supply sources, is limited to a total issuance of approximately 21 million coins, making it difficult to arbitrarily increase the supply cap. Bitcoin promotes its 'mathematically predictable scarcity,' and as artificial gold technology advances, the characteristics of Bitcoin are likely to become even more pronounced.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed

TeraWulf Says AI Leasing Now Generates 83% of Revenue as Bitcoin Mining Recedes

Google buys Crusoe's data center in Wyoming for $17 billion

Higher wages don’t have to mean higher inflation. That could matter for Bitcoin

Despite the decline, Bitcoin has not lost the game against gold

Peter Schiff Criticizes Strategy's Bitcoin Purchases

BitFuFu’s October Bitcoin Mining Output Falls Despite Steady Hashrate

Michael Saylor Advocates for Bitcoin and Preferred Stock Digital Credit Architecture

唐华斑竹: Market Focus on Democratic Party's Direction Influences Cryptocurrency Trends

Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates

Bitcoin Bear Market May Lead to Further Declines in Stocks and Gold

Bitcoin Outperforms Gold, Potential for New Bull Market

Stablecoin contraction forces Bitcoin drop despite Fed reserve gains

Bitcoin Mining Difficulty Remains Below Historical Peak for 374 Consecutive Days

Analysis Predicts Bitcoin Price Could Reach $150,000 by 2027

Shifts in U.S. Political Landscape and AI Sell-off: What’s Next for the Crypto Market?

Bitcoin's Correlation with S&P 500 Index Reaches 0.8, Highest Since 2020

IREN Reports Earnings, Plans to Exit Bitcoin Mining by Year-End and Shift to AI Business

Wallets, fintechs, and platforms target the freelancer market: why Argentina is a key market

Greece ends years of crypto tax uncertainty with new 10% levy on Bitcoin profits

Proposal for Quantum Computer Attack Defense Mechanism

Nubank Suspends Crypto Withdrawals: What We Know So Far

Banking Outage in Japan: 128 Banks 'Frozen' at Once

Foundation hack exposes 21463 customer emails in phishing campaign

Argentine Bitcoiners Debut “The Genesis Of Satoshi Nakamoto” Artwork In Downtown Buenos Aires

Strive Reports Q3 Net Profit of Approximately $509 Million, Unrealized Net Gains from Digital Assets Around $534 Million

BitFuFu Mines 137 Bitcoins in October, Holdings Increase to 1454 Bitcoins

Hypercall Launches IPO Pre-Options Linked to Anthropic, Trading Starts Monday

35% Drop in Bitcoin Miners' Stocks in October








