1 trillion marketcap is still low, gold has a 7 trillion marketcap and that is mainly from store of value. The world is moving to a digital world and gold is a hassle to transport globally while bitcoin just requires a few clicks of the mouse.
So true.
Next step is: if you think digital gold (Bitcoin) can be equal in store of value to physical gold, and physical gold has 7 TN of market value, what is the fair value of the digital gold, provided there are only 21 millions unit of this?
That was one of the back of the envelope calculations I made when I decided to invest in bitcoin.