The perceived value of gold lies in its scarcity, there is only so much of it to go around [1]. No matter how much people may have tried, it is not realisticall

The perceived value of gold lies in its scarcity, there is only so much of it to go around [1]. No matter how much people may have tried, it is not realistically possible to create more gold. This is not true for cryptocurrencies, the term shitcoin did not come out of nowhere. While there may be artificial scarcity within a single cryptocurrency there is no scarcity of cryptocurrencies. Everyone and (literally - Dogecoin) his dog can launch a new shitcoin and try to dupe investors into driving up its value, if only for a short while. By the time the hype is past those who launched the shitcoin will have cashed out already, making off with a large fraction of whatever they managed to dupe people into investing in the scheme. [1] unless someone takes up asteroid mining, that is...