⭐ Merited by JayJuanGee (1)
Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.
Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
👀
HODL
Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
👀
HODL
If bitcoin were to reach a market value equilibrium similar to GOLD then this would need to be above $300K perhaps or even $500K, this is not impossible as bitcoin would be equivalent to the market value of GOLD on a market capitalist basis.
Just imagine every cycle bitcoin goes up 2x - 4x then the equilibrium will be equivalent to GOLD.
We need to HODL even longer.
I will definitely be more than that. But it's a bull market, it's a time when bull posts will have a higher tendency of being more "excessively bullish" and more extravagant.
Although, a bull post of "Bitcoin to surge to $10,000 per coin" during its early days was probably "excessive" and "extravagant" as well.
