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Bitcoin is often referred to as "digital gold" partly due to its gold-like attributes. The total supply of Bitcoin is capped at 21 million, similar to gold's limited availability. However, while gold's supply is influenced by geological factors and mining technology, Bitcoin's supply is strictly governed by its algorithm. This algorithmic certainty makes Bitcoin a more predictable asset in the eyes of some investors.
Bitcoin is often referred to as "digital gold" partly due to its gold-like attributes. The total supply of Bitcoin is capped at 21 million, similar to gold's limited availability. However, while gold's supply is influenced by geological factors and mining technology, Bitcoin's supply is strictly governed by its algorithm. This algorithmic certainty makes Bitcoin a more predictable asset in the eyes of some investors.
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