Most investors are gambling. They can't tell you anything about the supply or demand for the asset they own in 2040, let alone tomorrow. Most of their decisions are based on past results. Nobody knows what will happen in the future when it comes to real estate and equities. More houses can be built. Real estate can be destroyed (weather-related, wild fires, war). Interest rates can go up, forcing house prices down. More stocks can be issued. Companies can go bankrupt. Taxes can go up or customers can leave, making a previously profitable company no longer a great investment. This is why I think #Bitcoin       is not an investment - it's a savings vehicle. The supply of #BTC       is guaranteed to never change. My prediction of Bitcoin's value increasing over time is based on my knowledge that Bitcoin's supply is finite and humans will always value scarcity. With Bitcoin, I know how much will be produced every year until 2140 when all 20,999,999.9975553 BTC are mined. I know that, in April 2024, the number of BTC issued every 10 minutes will decrease from 6.25 to 3.125. I know it will take 36 years to mine the last BTC. I know exactly how much the current supply is because I can audit it using a basic computer. Saving is supposed to be a way to guarantee that what you have will be there when you need it. The transparency that the Bitcoin blockchain provides is a HUGE incentive for savers.
BTC will reach $1M before Bitcoin ETFs hold 1M BTC (including GBTC). Exchanges have the lowest balances since 2017. Keep in mind a lot of these balances are just there because they are too small to move to cold storage - a lot of these coins are not for sale. https://image.nostr.build/2b79999781cbcae7af9a2cd1c1bccabab93b582092dd9cdc83cd00b380cd101e.jpg#m=image%2Fjpeg&dim=1080x939&blurhash=%3B2S%24u%3FEd%7EW%3D%7D%5D%3B%3D%23%24Qo%7DEeAAJho%7DaM%2CI%3Dz%24%2BNZEKMc56%3Fv%3FG-WxHs%3BoJNFxHWF-pxW57NaadoLV%5BDO%5EQxu9%5B9sJPWARk%24kwi%5Ek%25M9tkk9%4056oM%3DzQ.%24R_2Sx9%405PNZ-VsX%5EPoNxuNF9ta%5EIUS4S5&x=1714f6504c54356b32ccc16d8b900a6e4fa31684e39f6ca5a2a8a94d861ab337