for the record BTC can even hit 40k or so, but it will eventually go towards $0. In order to be valuable something must have three features: being limited, useful and accessible. gold is limited, btc is not since someone else can create another similar crap coin out of thin air (see forks for instance) gold is useful since it is used in electronic and aerospace industry for instance while BTC is not both can be owned. when it comes to store of value gold is def proved to be a reliable store of value over the centuries while BTC is just a pump and dump fueled by tether, miners/whales-exchanges. In short BTC is as worthless as Fiat.
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to be more correct I'm not permabear on crypto, but on useless things like LTC, XRP, BTC, NEO etc
exactly, I used to think BTC was a better version of gold (digital gold lol) , but this bs futures manipulation and tether doing something similar to what we have today in fractional reserve banking by printing useless tether thats not even backed to pump bitcoin. It can probably hit 40k maybe even 60k but I strongly believe its just another speculative bubble created from this qe madness. Just compare the S&P chart with the BTC chart since 2009. It has more similarities and correlation than what precious metals have.