When Gold tops, capital has to rotate somewhere.
Equities will always continue to grind higher as they always do, but outside of legacy assets, the next asymmetric return vehicle is Bitcoin.
As gold enters a multi-year bear market, BTC becomes the natural beneficiary. Its fixed supply, halving dynamics, and diminishing sell pressure from long-dormant miners and whale wallets will eventually, create a supply shock over a prolonged timespan.
So when people say “BTC is lagging,” they’re missing the point. It’s not lagging, it’s waiting. And when gold finally tops, that’s when a true Bitcoin super-cycle begins.
