244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.
But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.
Yeah, one day it will be mineable. Probably after a thousand years.
After several centuries, the people will have so advanced technologies, that they won't be needing precious metals like gold and silver anymore.
Mining gold will become pointless, because gold will become cheap or worthless. Mining gold on asteroids and other planets will be 100 times more expensive, which would mean 100 times more pointless.
However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.
Gold is hard to move around, if you want to move a ton. Moving small parts of gold isn't a problem for anyone.
With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
There is no Bitcoin in the whole Universe, except on Planet Earth.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
Utility and demand are as important as scarcity(or maybe even more important).
You can have a scarce resource/asset, but if this asset is useless and has zero demand, the value/price would still be zero. Scarcity doesn't matter in that case.