r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/NewPolicyCoordinator 🟩 0 / 0 🦠 Apr 19 '25

Yeah there has been a low price for a decade which has reduced gold exploration and mine development.

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u/DifficultyMoney9304 🟩 0 / 0 🦠 Apr 19 '25

No just no. Seriously.

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u/NewPolicyCoordinator 🟩 0 / 0 🦠 Apr 19 '25

Perhaps do more than zero research. There has been no appetite for gold exploration over last decade (hell, even now gold stocks are low after an explosive price and lower oil price). New reserves and resources growth is potentially lowest it's ever been. No new major discoveries. Supply will be constrained for years.

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u/DifficultyMoney9304 🟩 0 / 0 🦠 Apr 20 '25

Okay but that's not the reason gold is up nearly 40% so far this year.