Bitcoin Faces Uphill Climb to Match Gold's Market Standing

• Bitcoin is 3.7 times more volatile than gold. If it matched gold's allocation it would imply a $45,000 price.

• Bitcoin's market cap would need to rise to $3.3 trillion to match gold's portfolio allocation, doubling its price. This is unlikely due to bitcoin's heightened risk and volatility.

• In risk capital terms, bitcoin's implied allocation is $0.9 trillion, still implying a $45,000 price.

• Bitcoin ETF inflows could realistically reach $62 billion over 2-3 years by taking market share from existing products.

• Bitcoin could slide to $42,000 after halving hype subsides according to JPMorgan.