Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
I don't think it will happen soon, if ever. Gold has been considered as a store of value for thousands of years. It's market cap is about 7 trillion dollars. Bitcoin has 136 billion now. 50 times less than gold. If it reaches gold market cap, the price would be about 400k. The gold market cap will grow by that time as well. Well, let's see what we'll have. McAfee predicts BTC at 1 million dollar by the end of 2020
