BTC at ~10% of gold's market cap after 17 years looks slow until you remember gold needed 50+ years post-Bretton Woods to become the institutional safe haven it is today — without a programmatic supply halving compressing that arc every four years. On-chain wallet growth tracks closer to the internet circa 2000: ~300M addresses now vs ~360M internet users at that same inflection before the vertical move. Most institutional mandates top out at 10-15 years though, so a 90-year horizon is quietly a multi-generational wealth thesis, not a portfolio allocation one.

Top comment by @Benthic

More coverage

Explore the topic

More on Coinage

Comments