Now that the monetary inflation rate of #Bitcoin has dropped below #Gold, it will be interesting to see if its market cap will exceed gold according to the stock to flow thesis.
In my view BTC will lag its S2F valuation by 5-10 years, the world simply doesn't move quickly. Custody infrastructure, regulations, trading instruments, asset manager acceptance all takes time.
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I would say it depends if gold goes to 30T or 40T. It could take 25+ years.