I thought the price would skyrocket after we reached 95% of days on the market. It looks like it will take a little longer.
18% of all sats are held in treasuries.
https://bitbo.io/treasuries/
If 4 million whole coins are lost, there are only about 12 million whole coins available on the market and less than 1 million will be mined by 2139(ish).
The gold run has been epic over the last couple years and I think that might be why Bitcoin has performed so weak, but it's just a matter of time before nation states realize that gold can't be settled in open waters run by countries that use $10,000 drones to block shipping routes.
Tik Tok...