Fantastic graph,
People used to say that Bitcoin is very volatile, they were afraid to invest in Bitcoin, they thought that if the price of Bitcoin goes up it can go up to $20K! It was very hard for them to think that bitcoin's price can go over $20K. They didn't want to accept Bitcoin as a safe haven.
Today we have come close to the price of gold by proving everyone's idea wrong. Now if we compare with BTC and Gold then Bitcoin is more transparent and safe than Gold, Bitcoin's rarity is greater than Gold's, the legality of Bitcoin is much more than Gold cause you can't corrupt it, steal it easily. Bitcoin's liquidity is much higher and easier than Gold's.
I think they are right, Bitcoin started to eat gold. But I also think that I underestimated the stock market and the real estate market, and I was trapped just to find a reserve of value.
Maybe Bitcoin can depreciate real estate and the stock market by 80%. may be.
