6) Evidence and expectations if the thesis is right - Ongoi…

6) Evidence and expectations if the thesis is right
- Ongoing resistance to base-layer scaling; continued framing of BTC as “not for coffee.”
- Growth of regulated BTC products (ETFs, custodial offerings) versus muted support for alternative payment-centric chains.
- Continued central-bank gold accumulation and BRICS/EAEU/GCC explorations of commodity/gold-linked settlement.
- Tight metals markets, persistent premiums, and recurring claims of futures-led price suppression alongside rising official holdings.