The Case for $500K Bitcoin
Is a well written long form, explaining in a clear technical way what is wrong with current traditional Stores of Values, and why Bitcoin is better at it.
They end up with this conclusion:
Quote
Bitcoin has already made significant ground on gold — going from whitepaper to over $200 billion in market capitalization in under a decade. Today, the market capitalization of above ground gold is conservatively $9 trillion. If we are right about using a gold framework to value bitcoin, and bitcoin continues on this path, then the bull case scenario for bitcoin is that it is undervalued by a multiple of 45. Said differently, the price of bitcoin could appreciate 45x from where it is today, which means we could see a price of $500,000 U.S. dollars per bitcoin.
The old "gold equivalence" that brought Fillippone years and years ago, with his infamous Spreadsheet to invest in digital gold.
I personally like the twins, limiting to bitcoin only, because even if they are credited owning 1% of bitcoin total supply, they didn't only hodled, but they used their bitcoin, they spent their bitcoins, to create something, I am thinking about Gemini here, and make Bitcoin grow bigger (they learnt Laszlo lesson).