According to BlockBeats news on May 15, BitMEX co-founder Arthur Hayes published a new article stating, "Given that we know the total amount of foreign portfolio assets is $33 trillion, the next step is a mental masturbation exercise, thinking about how much capital will flee the United States and flow into Bitcoin. What if 10% of assets ($3.3 trillion) escape to Bitcoin in the next few years? At current market prices, exchanges hold about $300 billion in Bitcoin. If 10 times the capital tries to flood into the market, it will lead to a price increase far exceeding 10 times.
This is because the final price is set by the margin. Of course, if the price skyrockets to $1 million, long-term holders will rush to sell Bitcoin for fiat currency, but as these portfolio assets migrate to Bitcoin, an epic short squeeze will occur.
Bitcoin is a superior tool for the global financial movement of capital because it is a digital holder's asset. Storing and transferring wealth does not require intermediaries. Gold can only move in digital form as paper. This means that one must trust a financial intermediary to store your physical gold, and then you trade digital receipts. These intermediaries will be bound by financial regulations designed to isolate capital domestically to support national priority industrial policies through taxation. Therefore, unless you are a state or quasi-state actor, gold can only move as a physical holder's asset.
