This is a great, well-balanced summary that covers a lot of the complexity and nuance.
I'm also somewhat skeptical of the ethical aspects of bitcoin but I can easily see it going much higher.
The aggregate value of all BTC is currently around 5% of that of all gold holdings (~$10 trillion). If the "digital gold" narrative is partially true, perhaps it could reach 20% to 30% (or more?) of that number in next few years.
I'm also somewhat skeptical of the ethical aspects of bitcoin but I can easily see it going much higher.
The aggregate value of all BTC is currently around 5% of that of all gold holdings (~$10 trillion). If the "digital gold" narrative is partially true, perhaps it could reach 20% to 30% (or more?) of that number in next few years.