Which COIN do you think has a long term good fundamental future? Despite the TOP coins, that you think has strong team, model and in long term they will create the value.
Take a look at my topic about BNB and how i calculated if its fundamentally undervalued:
https://bitcointalksearch.org/topic/m.53299809BNB was @ 15$ back then. A lot of things changed. I think I'll recalculate it with current prices (400$) and present earnings.
Despite BNB, BTC have good fundamental future. Why? This paper from fidelity proves it:
https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdfIn this paper, from 2020, they stated that every well balanced (diversified) portfolio should hold 5% in bitcoin. If they apply to this by themselves its 245 billion $ invested in BTC. Thats 30% of btc supply! And thats just 1 investment found.
About btc VS gold.
So, based on your valuation of USD 276M for a 100% takeover, a 10% realistic takeover would put the value at around USD 27M, in about 50-80 years from now. Even a 1% share would mean 2.7 Million.
This isn't financial advice. Its an assessment based on the optimism that things eventually meander towards the most efficient and correct path. Bitcoin is just the right thing to do.
Well thats also optimistic scenario. 10% of all global wealth inside bitcoin. DECENT!
Going more real and closer (5-10 years)
Bitcoin remains to be "only" digital gold. Superior asset immune to fiat inflation thanks to it economic model and deflational characteristic which makes it holds value (purchasing power) over long period of time.
But ... In next few years bitcoin strengthens its position and proves fundamentally superior to gold:
1- Bitcoin is easier to buy/sell, easier to store
2- Bitcoin is easier to transfer, easier to send
3- Bitcoin is divided by 100 mln. Min investment is thousends times smaller than gold
4- Bitcoin stock to flow model is already better than gold (gold stock/flow = 66, BTC stock/flow = 50 and will go down by half each 4 years)
5- Gold and Bitcoin ... both has little to 0 real world usage. All its value is based on "store of value" paradigm.
https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/Investment and central banks are responsible for majority of gold demand. Next is jewellery (so people who buy gold - including me XD- are doing it because ... its prettyXD ... and other investors likes it) and only 8% in technology (most likely will be replaced by nanotubes and other strange stuff in next few years). So when world will figure out that bitcoin is superior to gold as investment product ... we will for sure grab at least 50% of gold marketcap ($11T) which will push BTC price to 300k $ or even higher considering better stock to flow model and a fact that its getting cut by half each 4 years - and thats fair evaluation after few years. Market as always will overreact and overprice bitcoin ...pushing it much higher trying to include future successes in the price.