The next #Bitcoin supply halving is about 1 year away (est. April 2024).
After the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold.
Bitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000.
Which is still conservative because Bitcoin is at least 10X better than gold as a store of value.
IMO the halving is not priced in.
