#Gold Update: Bull Run and Mining Expansion 🚀
📈 Gold’s bull run is driving miners to increase production. This cycle is reminiscent of past trends where rising gold prices led to more supply.
🔍 Unlike gold, Bitcoin is inelastic to demand, making it unique among assets.
📉 The production chart shows higher lows as technology improves. Gold production has been consolidating since 2015, but advances in tech and growing demand suggest a significant breakout could occur in the 2030s.
🗓️ Expect gold production to rise as we approach the 2030s, with technological advancements and new demand driving growth.
Stay informed and watch for developments in gold and tech!
