I think #bitcoin is tied to a kilo of #gold .. reason being the founding ideology and same-ish scarcity .

21 million Bitcoins = 21 million kilos of gold .

When there is fud - people step back to gold ..

When there is love and hope , they convert their gold to bitcoin ..

That is the reason Bitcoin behaves like big tech .. hope and liquidity drives growth scrips ..

How high Bitcoin may go above gold is simply a function of how hopeful people are for a new order ..

That said , there will always be aberration in short term - volatility is good .