Биткоин как будущее: эксперт утверждает, что он превзойдет золото благодаря математике Translation: Bitcoin as the Future: Expert Claims It Will Surpass Gold Thanks to Mathematics

The first cryptocurrency will «inevitably» surpass gold as the primary store of value, according to analyst David Eng.

*“This conclusion is not based on narratives, ideologies, or extrapolations from recent price movements, but is entirely derived from the mathematics of supply and thermodynamic constraints based on deliberately conservative assumptions,”* he noted.

The expert believes that a system with exponentially decreasing new supply will always mathematically outperform a system with linear emission growth, provided that demand is not zero.

Gold has an elastic supply: rising prices make it economically feasible to develop new deposits, which increases emission and dilutes value. The stock of the precious metal grows by approximately 1-2% annually.

Bitcoin «inverts commodity economics.» Its supply is inelastic and capped by protocol at 21 million coins. Price increases or growing interest cannot boost the quantity of cryptocurrency; they only lead to higher hash rates and network difficulty.

Therefore, demand accumulates in the form of the thermodynamic work done (energy costs for security) rather than being diluted by emission.

The halving process causes the energy cost of producing a single Bitcoin to grow exponentially. Gold has no similar mechanism.

To determine when Bitcoin will surpass gold, Eng created a conservative mathematical model, intentionally underestimating the growth rates of the cryptocurrency.

*“Physics and mathematics determine the superior store of value. Narratives do not matter. Bitcoin does not compete with gold; it renders the monetary role of the precious metal obsolete through superior mechanics,”* concluded the expert.

In 2025, the first cryptocurrency fell significantly behind the leading precious metal. Since January, the flagship of the crypto market has *decreased* by 6.6%, while gold has *appreciated* by over 70%.

It is worth mentioning that analysts from XWIN Research Japan *explained* Bitcoin’s weakness against the backdrop of rising metal prices.