If #Bitcoin ever matches Gold’s market cap (~$32T), one BTC would be worth about $1.6M. That scenario assumes Bitcoin becomes a global reserve asset on par with Gold or even the dollar the price is just math, not hype.

A more realistic path is Bitcoin capturing only Gold’s monetary premium (~$16T), which puts BTC around $805K. It doesn’t need to replace jewelry or industry use just compete with Gold as a store of value.

Even a conservative 40% of Gold’s monetary role (bars, coins, central bank reserves) still implies a $BTC price near $644K.