Strike CEO has a harsh response to Elon Musk's gold thesis

Strike CEO Jack Mallers reaffirmed his conviction in Bitcoin (BTC) as the superior form of money, arguing that gold’s flexible supply undermines its scarcity, the very quality that gives Bitcoin its value. In a post on X (formerly Twitter) on Oct. 22, Mallers wrote, “Bitcoin is better money than gold. The simplest reason: scarcity. Gold’s supply is elastic. As price rises, so does supply. A bet on gold is a bet against human ingenuity.” “Bitcoin fixes this,” Mallers added. “It’s finite. A bet on humanity ...