/biz/ - Business & Finance

>>15291641
Yea except silver production has tripled and LTC halved. Theres this meme that people believe where miners sell all their coins immediately upon mining, thats bullshit, many of them are sitting on large amounts and slowly dumping assuming it would go up in price. They will run out of dump power and then supply/demand will make it rocket.

Silver is used in many tech applications, and the economy at large has an incentive to keep the prices low.
Bitcoin, on the other hand, doesn't matter how many people are mining it. The supply grows at a fixed, decreasing rate.
pic related. The production of silver quickly tripled after 1980 to meet the demand.