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But we saved everything 🙂.
Joe Consorti points out that Bitcoin currently represents just 5.06 percent of gold’s market capitalization and only 0.17 percent of total global asset value.
He suggests that if Bitcoin’s adoption rate outpaces gold and global monetary expansion continues, a $5 million valuation per Bitcoin is plausible.
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Consorti has previously argued that criticism of Bitcoin after it exceeded gold’s market cap resembles past flawed claims about major tech stocks like NVIDIA in a recent article. He also noted that some social media users are quick to block Bitcoin content, raising questions about the current stage of the Bitcoin cycle in a separate report. These observations provide additional context to his outlook on Bitcoin's long-term valuation.