@estebanordano
[Day 2] : The Digital Gold Thesis remains unchanged
One day or another, Bitcoin's market cap will be higher than Gold's market cap, and it'll be inevitable.
Currently, the XAU:BTC market cap is trading just at a 14:1 ratio.A Comparison of All the Top Assets by Market Cap (All Assets, Including Public Companies, Precious Metals, Cryptocurrencies, and ETFs):In the context of the current 4-year cycle, we will face contagion risk from the "treasury company meta," in which, except for 2–3 entities, almost all entities are trading at a huge premium to their NAV, which won't continue post-Q4 2025.
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