Traditional Finance vs Crypto: For Now, Traditional Assets Are Leading During periods of political and global instability, liquidity continues to flow into traditional assets. Since the beginning of 2025, gold’s market capitalization has increased by +98%, while silver has surged by +282%, supported by strong industrial demand and tight supply conditions. Over the same period, Bitcoin has declined by −7.2%. If regulatory progress and growing institutional adoption lead investors to reallocate liquidity toward crypto assets, Bitcoin’s implied price under a gold-comparable market capitalization (~$35T) would be approximately $1.75M per #BTC. So what do you consider to be $BTC objective value today?