There is really much gold already in this world, and it is useless. Still not only your mentioned daily production is constantly bought by the market, the entire gold stock is leveraged by perhaps 10x-100x by financial actors, to make it accessible to investors. With gold they can do it (unbacked paper leverage), because people are not accustomed to storing physical gold.

With Bitcoin, the exchange ecosystem is now so in shambles that not many trust to store their coins there. The only other option is that they want them in personal possession, which withdraws them from any possible fraudster's fractional reserve.

World's paper wealth is astounding, measured in $100s of trillions. Recently, in one tax haven alone, there was bank accounts worth $32,000 billion. Consider the math.

To raise Bitcoin's price to $100k, the marketcap would have to rise to $1,300 billion. This would mean about $130 billion new investment. Of course that is a lot of money, but that is <1% of what was stored in that one bank. Also Bitcoin could find its way to bigger players, even FX reserves.

It is entirely possible for Bitcoin's price to hit $100k in 6 months there is absolutely no question about it.

Probable? No. Not yet. And if you want to bet for the outcome, all you need to do is to buy at $420 and pocket 238x gains after 6 months. The probability for this scenario is certainly higher than that, given that Bitcoin already exhibited similar behaviour only 2 bubbles ago. (33% probability for a superbubble right now is too much imo, but I would give 15-20% if asked). In EV terms, wildly profitable anyway.

I am still "mopping up excess liquidity" from bitcoin markets. So if you want to sell at a slight discount to the exchanges, contact me. I have not bought anything, which is a good indication that the selling pressure comes not from the economically informed