[edited out]
Yes, I remember in 2017, wherein there was a lot of comparison between gold and BTC, it's the question of
"If" BTC's market cap could catch up with gold. Now it's very different, it's now the question of
"when"... maybe in the next 10 years?
And if we look at the numbers, in the last 10 years, BTC market cap has gone like 160-170% if I'm not mistaken, while Gold in the same time frame likes double their market cap. So with that, it's just a matter of time before we can surpass Gold, specially if they remain stagnant or at least the growth is slow as compare to BTC. Most likely if we hit $700k per pop, by that price, we might be close or even overtake Gold in terms of marketcap.
We also have to take into consideration how "easy" it is for average Joe investors to acquire BTC as compare to Gold.
Of course, there will be variance, as the price will go down during the bear market. But still, when bull run starts it's hard to stop the herd from running and reaching another all time high very 4 years.
Sure there is a law of large numbers which potentially causes some slowing down of bitcoin in terms of its percentage growth, yet BTC reaching market cap parity with gold could happen as soon as within this next calendar year or it could take another whole cycle or longer. I doubt that it is going to take 10 years for bitcoin's market cap to touch upon parity with gold's marketcap, but sure, anything is possible.
Regarding ease of access, I would speculate that bitcoin is easier to get than gold, even though sure there are some parts of the world (in various countries) where physical gold markets exist.
As bitcoin is adopted on greater levels, it will probably become more and more easy to get bitcoin, even though so many folks are still failing/refusing to hold bitcoin in their own self-custody, so we should expect self-custody abilities will continue to improve, even though surely there are many governments and financial institutions who are working to vilify self-custody, which in the end, bitcoin's actual power and value comes from its ability to be self-custodied.
It's funny to see that in the early days of bitcoin government were against it and wanted to kill it thinking that it was within their control and there were several bans on bitcoin but still bitcoin as a baby was able to pass through all those rough period and survived till date. Now that bitcoin has turned to a teen is when the government are now showing big interest in it, because they have come to realize that there's nothing that can stop bitcoin from growing into an adult in future.
It seems to me that governments are mostly interested in bitcoin for themselves, and not in terms of actually empowering people, and so we are not done with any kind of battle to make sure that we are not disempowered by governments' current interest to have bitcoin as part of their treasury.
Some of them might actually talk the right talk, yet we need to watch that they are not trying to take bitcoin away from the people, which seems to be part of their aims, while at the same time if they are successful in taking bitcoin away from the people, then they end up killing a lot of bitcoin's value proposition.. and perhaps even killing bitcoin itself.. even though bitcoin is pretty resilient to a lot of these kinds of attacks, so in the meantime, those of us holding and still accumulating bitcoin are likely benefitted by governments, financial institutions and rich folks pumping our bags.
The government are now the ones rushing into bitcoin because they have seen that with them or without them bitcoin keeps growing, and they cannot stop it. This is why you see them planning on buying as many bitcoin as they can buy overtime, to use as reserve so that they don't miss out and regret for not acquiring more than enough Bitcoin for the future, because bitcoin has been tested and confirmed that it's a hedge to inflation and will give handsome reward for investing in it in future.
Not all governments are onboard, and surely governments are not likely wanting to pump bitcoin in order to pump our bags, even though that it what they are doing. I doubt that they want to give up control, yet they are forced towards considering bitcoin in various ways... and many of them still have hardly any clue about what bitcoin is beyond number go up technology... so we are still early days and no coordinated ideas about what bitcoin is even though, yeah a lot of governments are realizing if they cannot fight it, then maybe they should join it.
How I wish that those individuals who are still doubting bitcoin can look into the future to see that bitcoin future is bright and invest in it before it is too late. Doubt can make you not achieve success when the opportunity is before you. Don't doubt but have faith in bitcoin like the government have now.
A lot of individuals are going to end up having to buy bitcoin at higher prices, to the extent that we have not already bought a lot of bitcoin or at least that we have not already started.
So, yeah, the longer that any of us have been in bitcoin, then the more advantaged we are going to be, especially since many of us know that it tends to take a long time to build wealth and/or to stack suffiicient amounts of corn.
Nah.. if they see the need to buy Bitcoin then they should make decisions themselves and not advising them(government ) / other investors to sell gold or any other assets to buy BTC , if they wish to sell it then so be it.
Is not a bad advice is a very good advice because what is the need holding unto something that is losing its value, giving people and government advice about achieving something great is super cool it's lift for them to accept or reject.
The punchline of what Saylor is recommending has to do with bitcoin being a stronger store of value than gold, so in that sense there is no need to keep gold if bitcoin is better than gold. Sure, Saylor did not say that bitcoin is 1,000x better than gold, but he did likely say that by 2045 bitcoin will be around 13x greater price than gold... and that bitcoin is going to continue to grow.. so likely even Saylor realizes that bitcoin is in the ballpark of 1,000x better than gold, even though it may well take a while for those relative prices to be reflected in the market.
You only need a little income to invest. Even a small amount of income can be seen as an investment if you have the mindset to invest.
As far as bitcoin investment is concerned, you need a source of income that will allow you to have discretionary income after you have sorted out your daily expenses so that you will have the money to invest in bitcoin in such a way that it will not stop you from sorting out your daily expenses, which might get you off the game partially or permanently.
You are right, we need to have a source of income that allows us to have discretionary income however if we have a job that don't allow us to have a discretionary income we need to backup with a side hustle, some people who are working and still don't have a discretionary income is not because there salary is not good enough is because they have a bigger responsibility more than a normal human should have, they carry unnecessary responsibilities for example always sending money to there friends weekly or monthly as soon as there salary is being paid, there are some responsibility we should cut off.
Very good, to invest in Bitcoin every day you definitely need to have a fixed source of income. We can keep a remaining part of our daily income for investing in Bitcoin, which will reduce the suffering of investing, and how to increase daily income will lead us to find more sources of income. Since not all people are considered equal, some earn more and some earn less, so I think more income or less income is not the main thing. Patience and humanistic thinking are important for investing in Bitcoin in the long term. People with low income have more unwanted work due to their low qualifications, so they cannot join the investment field due to time and financial problems despite their desire. It is necessary to create their freedom by removing this unwanted responsibility from the lower ones by the superior officer, so that they can also use a part of their earned income and use their time and remaining money for investing in Bitcoin. Maybe their salary is daily, weekly or monthly.
In my opinion I do not think it is right or advisable to invest in Bitcoin daily and even if someone earns daily it is still not good or advisable because it is definitely going to affect you in one way or the other and again I don't think someone can be able to be investing daily because that will be very tasking.
This is not true " people with low income have more unwanted work due to their low qualification" with what I understood from this or with how I understood it you are trying to say that people that doesn't have money have more problem than people who has money which is absolutely wrong and the reason why people think of this is because people who has money always taken care of their problem quietly without anyone knowing but to be honest with you people that has money has more and bigger problem or challenge than people that doesn't.
I wonder about your proposition that rich people have more problem than poor people?
there are all kinds of problems that people have, so I doubt that we can just generalize and say that one class of people have more problems than another, since the kinds of problems are going to vary depending on individual circumstances.
Many folks conclude that a lot of their problems relate to money, so that if they have more money then they will relieve a lot of their problems, which is likely true, even though they might have different kinds of problems that come from being rich rather than being poor... so I am not going to overly generalize about the kinds of problems that people have based on whether they are rich or poor.... but it would probably be fair to assert that the kinds of problems that poor and rich people face may be different, even though they might also share some similar kinds of problems that might not be related to money issues.
