It seems to me that the most common benchmark used in predicting Bitcoin's future price is having it equal to Gold's market cap, which currently sits at around $12 trillion. Bitcoin would equal this market cap at a price of $571,428 (assuming full dilution and that no coins are lost, which obviously isn't the case but not important for now).
Gold isn't solely a monetary asset though. It has value as an industrial metal, used in semiconductors, dentistry, etc, and as a decorative asset (jewelry, antiques, etc).
Are there any reputable studies or estimates out there that break down the market cap of gold as influenced by each of these three categories? My sense is that gold as a monetary asset would constitute the majority of its market cap value, if not the plurality of it, and would love to see some actual estimates. Hard to find anything reputable online...
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