Knowledge is knowing a tomato is a fruit. Wisdom is not putting it into a fruit salad.
One thing I've learned through my years of ChARTing is "REALISITIC EXPECTATIONS".
The more outlandish, the less likely.
Funny thing is silver started my journey into trading. Before that I didn't have much left to save or invest.
I bought into the $500 silver call shilled by all the holders pumping their bags. I didn't understand the game... Hence why I was buying $50 silver and eventually selling $25 silver...
Fast forward to 2017 I was buying $800 Bitcoin. And bought the 250K narrative until we hit 20k and remembered my silver mistake... By this time I had learned to read a ChART and knew better... I sold 18k on the break. Close enough to the top...
Rebought from 6k to 3k and shilled the 250k narrative with everyone else. But I actually BULLIEVED! But at 60k I saw the reality of the situation. I left the HODLER game and started to try to figure out this short term trading game.
Understanding the money supply and an assets evaluations is imperative to long term speculation.
Gold and Silver are the oldest markets on the planet and after 6k years Gold has JUST NOW touched an 18.6 trillion dollar market cap. Silver JUST NOW touched a 1.9 trillion dollar market cap.
Bitcoin at 15 years old is at 1.3 trillion...
Bitcoin will be around. But I don't buy for a minute that it will EVER surpass Gold and Silvers market cap at least in my lifetime.
There is STILL a barrier to entry that most still don't trust. Helene and other storms prove why most won't trust a digital asset for life savings. We had no cell service or power for 14 days. The threat of a war using EMP weapons. You would be insane to trust your life savings to some digital ledger IMHO. I know my brokerage is the same deal along with my bank account. That's what makes Gold and Silver so attractive in my book. A tangible asset TRULY outside the system. Bitcoin is INSIDE the internet and electric grid. Sure theirs other complicated ways to use the blockchain but how many people can actually pull it off?
But this post is not a debate about the efficacy of Bitcoin. It's about the expectations of all the above.
The silver ChART depicted here IMHO shows a plausible evaluation based on ChART patterns and market caps. Along with historical time lines. How silver has moved in the past. Projecting how the next 70 years "could" go.
I see a pullback coming spring of 2025 and a top coming in 2040 of upper $90's... so about 15 years of grinding towards a 6 trillion dollar market cap. Truly I think Gold will only gain about the same market cap putting it around 25 trillion so a 25% increase in Gold a 200% increase in silver. And Bitcoin staying in 3rd place around a 4 to 5 trillion dollar market cap somewhere around 250k in the 2040 timeframe. So yes, Bitcoin would beat Silver by almost double at around a 370% increase vs. Silvers 200% and Golds 25% Increase over the next 15 years.
Then they all consolidate for a 15 years and then begin another 50 year cycle.
Meaning using the knowledge we have via reading ChARTs and applying Wisdom to our thought process of how high can things really go...
I think in 70 years it's possible and plausible that...
Gold could have a 30 trillion dollar market cap for a 60% gain = $3900 in 2095
Silver could have a 9 trillion dollar market cap for a 350% gain = $137 in 2095
Bitcoin could have a 7.5 trillion dollar market cap for a 500% gain = $400,000 in 2095
These are REALISTIC expectations. The money printers are turned off for a while. Mark my words. Capital rotation is the only near term gains anti fiats will get which is coming. S&P will correct some of it's 45 trillion dollar present value. But lets not forget just because it has that current evaluation you will not siphon that much liquidity out. 10 trillion exiting the system probably equates to a 70% drop in price...
Could it go faster than this? ABSOLUTELY! But higher? I think these levels and evaluations are pretty darn near accurate. But anything can happen.