According to @KookCapitalLLC, the trading takeaway is to maintain long-term conviction in BTC and treat pullbacks as buy-the-dip opportunities while Bitcoin potentially ranges for years with the goal of eventually flipping gold (source: @KookCapitalLLC on X, Oct 16, 2025). According to the World Gold Council and CoinGecko, a BTC flippening of gold would require Bitcoin’s market capitalization to surpass the multi-trillion-dollar value of above-ground gold, which has historically far exceeded BTC’s market cap (sources: World Gold Council; CoinGecko historical market cap data). According to the Federal Reserve and the U.S. Department of the Treasury, there is no policy or statement indicating the USD is or will be backed by Bitcoin hashpower, so that claim is unverified and should not be treated as a base-case catalyst (sources: Federal Reserve; U.S. Treasury). According to Glassnode and Coin Metrics, BTC’s historical volatility is elevated versus gold and equities, so any range-trading or DCA approach should use strict position sizing and risk controls to manage drawdowns (sources: Glassnode; Coin Metrics; CFA Institute for risk management principles).