Will Gold’s ‘Infinite Mint Bug’ Make Bitcoin More Valuable?
Ecosystem
English
News
Latest News
Bitcoin
Ethereum
Altcoins
Blockchain
Regulation
Markets
Features
Magazine
Reviews
Research
Opinion
Podcasts
Newsletters
Commissioned Articles
Press Releases
Special Projects
About
About Cointelegraph
History of Cointelegraph
Editorial Policy
Ads Disclosure
Financial Risk Disclaimer
Cryptocurrency Market Data:
- DOGE: $0.07549 (1.23%)
- TRX: $0.3253 (3.46%)
- LINK: $11.44 (3.02%)
- ZEC: $1,265.84 (0.71%)
- ADA: $0.1935 (0.46%)
- XRP: $1.24 (1.38%)
- ETH: $2,243.25 (0.24%)
- BTC: $77,236.39 (1.71%)
- XMR: $596.63 (1.07%)
- BNB: $703.80 (1.74%)
- XLM: $0.1692 (1.18%)
- SOL: $95.95 (2.25%)
- HYPE: $88.11 (5.63%)
Article Content:
Can gold's alleged "infinite mint bug" make Bitcoin more valuable? This question gained traction after a US fusion startup, Marathon Fusion, claimed to have produced gold from mercury through a process of nuclear transmutation.
While this development has drawn comparisons to lab-grown diamonds, experts like Coinbase CEO Brian Armstrong caution against equating the two. Armstrong believes gold's scarcity, a key factor in its value, is un replicable in Bitcoin, which has a hard-capped supply of 21 million.
Despite Marathon Fusion's achievement, producing gold at scale remains a significant challenge. Nikos Kavalis, managing director at Metals Focus, emphasizes that we are far from commercial viability.
The scientific basis for this process is sound, but creating an economically viable industrial process is a complex task. Marathon Fusion's initial results, while impressive in theory, are still microscopic. They aim for macroscopic quantities by 2027.
This potential game-changer in gold production may ultimately have minimal impact on Bitcoin's position as a digital form of gold.