Why should new investors choose to invest in bitcoin as the best way to build wealth?
Using the common comparison of gold which is worth 10 trillion, a single bitcoin should have the value of $476,190 (because there are 21 million BTC and 10 Trillion/21 million = $476k). We will have mined all the bitcoin by 2140 (
https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/).
I have .25 of a bitcoin now meaning if it reaches the full value and I don't invest anymore i would have $119,047 (.25 of $476,190). Lets say it reaches half its value ($238,095) meaning i would have $59,523.
I understand its a hedge against inflation but I would be able to make way more than $59k even factoring in inflation by the time it takes BTC to reach the value. I also understand people who invested early so their ROI is greater but why would it make sense for people like me to continue directing money into bitcoin instead of other higher yield investments? I get that the value isn't necessarily capped at $476k but isn't that only if more and more BTC get out of circulation?
Please let me know if my numbers are wrong or what I'm missing.