^^ I agree with that much, its positive and negative that bitcoin is more volatile but also more versatile and easily adapted. Its ability to accelerate in usage is massive because that is the nature of technology. So when you meet great potential, ability to distribute widely mixed to a fixed unmoving population of coins, the squeeze is the price due to demand vs supply so yes massive upside.
Bitcoin is exponential vs Gold which is really linear in how its produced each year in fairly even fixed amounts though also subject to technology in mining its variance is quite low year to year Also demand for gold is quite smooth over the years, for many centuries each generation values gold as a rare demanded product despite it being not industrially used but this theme continues even while we expand the element table and invent new compounds this base metal is still wanted. So both ends fairly matched supply demand make it different to bitcoin
I know speculatively both can spike, Im not arguing near term which is apparent to all of us more just the life term view of each product.
gold is not stable too.
Gold should show as very stable over time. If you saved for your pension over your working life and only used gold it should retain your purchasing power in old age. Its not a growth product, its really just worth because its so stable.
Put that into a spreadsheet, 5% of earnings into gold every year for the last 40 years. I'll do it if nobody else does but Im sure already every period it works for saving value, I'd be surprised to find otherwise.
Its valued for this stability, inert and a market which never really alters unlike technology which is growth and many redundant products, we have to consider bitcoin might be transitory in a path to greater products
Not saying it was never valid for some years but its possible it ends that way still
Also a chart labelled Macrotrend but showing 4 or 5 years, is an oxymoron
