We have another angle to consider in this. In the United States, it is estimated that $70 trillion will move from the Baby Boomers to the Millennials over the next couple decades.

In surveys, it appears the Millennials favor Bitcoin by a 9-1 margin over gold. This could cause an interesting shift where human desire changes.

Bitcoin could end up usurping gold very quickly and then start outpacing it. If governments start to indulge in BTC as a store of value, it might be game over.

Gold could be replaced in the next couple decades simply because people change what they value.

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