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

Group 1 - Strike CEO Jack Mallers asserts that Bitcoin is a superior form of money compared to gold due to its scarcity, while gold's supply is elastic and can be expanded as prices rise [1][2] - Mallers emphasizes that investing in gold is a bet against human ingenuity, whereas Bitcoin represents a finite asset that aligns with the potential of humanity [1][2] - The performance of gold is declining significantly, with a market value loss of nearly $2.5 trillion and a trading price of $4,079.68 per ounce, marking its steepest two-day decline since 2013 [3] Group 2 - The broader cryptocurrency market is facing challenges, with Bitcoin trading at $108,173 after a 3.3% drop, following a slump triggered by geopolitical tensions [4]