#Bitcoin vs. #Gold.
It's the important game.
During 2024, the entire 'hard asset' market of these two combined was $17T. $BTC had 15% market share.
Right now, the market has increased to $35T. BTC has just a 4% market share.
I do expect Gold to come down by 20-30%, which would lower the market cap, and some money is likely rotating towards the market cap of Bitcoin.
What if the entire market stalls at $35T and BTC goes back to being 15%?
That would put Bitcoin at $250K in the next cycle.
Not a weird thing to suspect.
On top of that, we're seeing that every time Gold peaks, volatility goes down, money flows out of the asset and rotates towards btc as the big bull run after that happens.
The halving is not important anymore, and the bear market has already ended after 14 months of pain.
Likely we're having 1.5-2 years of bull market ahead of us.