Can't even fathom what a dumb take this is.
Markets are forward-looking, yes. But 5-10 years is an eternity, especially in crypto where markets rarely price in more than a couple months of flows.
12 YR TREND BROKEN.
BTC should be a valued a LOT HIGHER relative to gold.
Should be. IT'S NOT.
The valuation trend broke down once QUANTUM came into awareness.
Don't read this post if you want to stay high on hopium instead of seeing things as they are.
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