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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
I think that it ahas definitely the potential to eat into the market share as you explain given the store of value concept alone. When you add the evolution of money from tangible to intangible and the flexibility bitcoin brings, it could mean so much which is why it could be better off than gold in the long run.
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Yep exactly. 10% of the gold market is my base-case valuation for bitcoin over the next 5 years. It could very well be a lot more than that though.