What's really holding BTC back from that explosive gold-style rally? Here's a thought: maybe we're still waiting for sovereign nations to step in as buyers. Think about it—gold didn't become the ultimate store of value overnight. It took central banks accumulating reserves over decades. Right now, most governments are sitting on the sidelines watching. But once a few major players start adding bitcoin to their national balance sheets? That's when the game changes. Until then, we're basically trading in a market driven by retail, institutions, and corporate treasuries. Not quite the same firepower as entire countries bidding up the asset. The parallel to gold isn't just about scarcity—it's about legitimacy at the sovereign level.
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What's really holding BTC back from that explosive gold-style rally? Here's a thought: maybe we're still waiting for sovereign nations to step in as buyers. Think about it—gold didn't become the ultimate store of value overnight. It took central banks accumulating reserves over decades. Right now, most governments are sitting on the sidelines watching. But once a few major players start adding bitcoin to their national balance sheets? That's when the game changes. Until then, we're basically trading in a market driven by retail, institutions, and corporate treasuries. Not quite the same firepower as entire countries bidding up the asset. The parallel to gold isn't just about scarcity—it's about legitimacy at the sovereign level.