All assets are overvalued at multiples of their utility value or earnings………

The reason this occurs is because equities and real estate are functioning like a bank.

#Bitcoin, a better store of value then gold, will simply absorb value from other assets.

#Bitcoin can never be overvalued as it is not required to produce earnings, or provide shelter……….

#Bitcoin simply needs to be an excellent store of value tied to reality and it does this very well…….