Unless a new significant use case for gold arises within the next decades (which is not impossible, could be something space related), the price will go down to its intrinsic value (on computer chips and the likes). Jewelry, which is one important use case for gold right now, is quite useless apart from being a part of our culture. Once people start to realize this, gold will go down in price. At the very latest, the price will go down once supply increases.

On Bitcoin existing in 2100: It's absolutely impossible to predict that far into the future. The scenario was hypothetical, and deliberately exaggerated in order to make the point, that while the supply of gold might spike at some point in the future, Bitcoins cannot.

Being a beginner, don't try to guess which coin will be the "next Bitcoin". Newer projects mean higher risk. Spread your funds out to a few well known projects, don't invest more than you can afford to lose, and set yourself a fairly long time frame. Always be aware, that most people trying to day trade lose money. However, empirically, most people who invested in Bitcoin for a longer period (>2 years) made profits. As you gain some experience over time, follow the development and read up on the important topics, you might increase your risk and start investing in newer projects. Most importantly: never go "all-in" on one idea!

Describing the central government as some kind of evil villain that is looking to take everything you own is masquerading the fact, that most bad decisions (that lead to inefficiencies and injustice in our society) are made out of incapacity, rather than malicious intent. In their heart, the majority of people want peace, more prosperity and wealth for all, but the measures they believe to be right to achieve this goal tend to differ significantly.

The crypto market as a whole slumped several times over and over. It rose through new projects and applications, some of which are life saving to certain people in certain parts of the world. Whenever the price of something disruptive rises, it tends to overextend itself and come back at some point. That's what you're seeing right now, it will balance itself out in time. Don't worry.

To follow the poker analogy:

- Size your positions right (bankroll management)
- Be aware who you are playing against (most traders are bots/algorithms - hard to beat)
- Don't FOMO-trade (tilt)
- Never stop learning (applies to everything )

Think of it this way: Old folks who aren't particularly interested in technology will continue putting their money in gold. However, only a small fraction of new generations will do the same. Over time, the overall preferences will shift, and more people will invest in digital assets, rather than physical gold. That might very well take a few decades though.

Fast forward to the year 2100: If we manage to colonize our solar system, we will at some point be able to reach asteroids and planets with far more precious metals than we have on earth. With supply increasing, prices will fall. Bitcoin on the other hand, in 2100, will still be limited to <21 million