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RE: Bitcoin will hit $40k within the next 5 years, even if it never catches on as a form of payment
The point is that roughly $8 trillion is parked in gold mostly as a store of value. Bitcoin likely eventually captures a portion of that store of value market.
I think Bitcoin will capture more of the newer generation's investment. Many of the older generations will continue to invest in gold. Of course, in 40 years or so when the gold market crashes because of asteroid mining, then Bitcoin will seriously take off. :P