If we put on a scale, the much money in fact that can leave the bitcoin market comparing with what can enter is simply absurd the difference.
Bitcoin is insanely small. As long as Jeff Bezos net worth is valued higher than the entire Bitcoin marketcap, it should be really obvious how tiny BTC is, and therefore how much upside it has. But a lot of people in this field want x1000 overnight, this is why so many shitcoins keep being bought by noobs and gamblers.
In most countries, it is very difficult for an average person to buy an asset and keep it away from the banking system. With what asset could I do this? Maybe with the gold. But not every country has a retail market that can provide that. Many people buy jewelry, objects of art and real estate for this purpose. We are in a new generation that does not care so much about investing in real estate. We use less and less jewelry. The object of value that most people carry is a cell phone, which loses value in a year. And investing in art is still for very rich people.
I've had dreams (or may I say, nightmares at this point) of governments going executive order 6102 on steroids. Im talking about police going into your house with radars, inspecting your backyard and looking for buried metals, cracking safe locks and whatnot. Not only they will demand gold to be deposited on their institutions, they will look for it, and they will look try really hard at ruining people's lives. They will stop people holding gold on any border.
On that moment it will become obvious for goldbugs in denial about bitcoin, why being an intangible digital asset was always a positive, for this revelation will be too late for them. Everyone else will be buying as much BTC as possible.