By Isaac • October 14, 2026 7:12 am •
Bitcoin does not need to replace gold tomorrow for the comparison to matter. It does, however, need a convincing answer to the problem that has followed it through every market cycle: can an asset with a fixed supply become large enough that ordinary demand shocks stop throwing its price around?
The Bitcoin Standard author Saifedean Ammous says the answer is yes. Economist Lawrence White says the same fixed-supply feature that attracts Bitcoin holders is exactly what makes it unreliable for day-to-day exchange.
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Their disagreement gets to the heart of what Bitcoin is becoming—and what it still has to prove.
— Saifedean Ammous (@saifedean) October 13, 2026
The bull case is built on scale
According
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