Here are two charts showing the current distribution of Bitcoin and gold holdings. Comparing them reveals the following insights: 1. Bitcoin is still highly retail-oriented compared to gold. The effective circulation held by individuals is far higher for Bitcoin at 49.93%, while gold used for personal investment is only 17.22%. 2. Due to gold's practical attributes, the amount locked in jewelry + industrial use is much higher than Bitcoin, reaching 48%. Bitcoin's locked amount, including lost coins, is only 17.62%. 3. The good news is Bitcoin's inflation rate is only 5%, whereas gold still has 18.66% of unmined reserves. 4. Bitcoin is far less nationalized compared to gold. Central banks hold 14.48% of gold reserves, while Bitcoin is only at 3%, and even that comes from confiscations and penalties. 5. Institutional adoption of Bitcoin is much higher than gold. Public companies and ETFs account for 13% of Bitcoin holdings, while gold is only at 1.6%. In summary, gold is indeed easier to control and manipulate compared to Bitcoin at the moment.