With all due respect, the bulk of gold is held by old people. As old people continue to retire, there is a structural selling pressure that no one other than central banks can absorb. Similar to mass market residential real estate with crumbling demographics.

If this unwinds, will be a massive boon for bitcoin which benefits from the opposite effect.

Wishing everyone a strong start to 2026.

Let’s make our dreams come true one step at a time!