Bitcoin will devour most of the world's monetary premium.

In addition to indexation, monetary policy has fueled higher PE ratios in US equities, which can be seen as them being given a "monetary premium" by the market. Investors are willing to pay up for the best companies because they view them abstractly as a (liquid) way to protect their purchasing power

Real estate is also given a monetary premium -- ultra wealthy buy RE in NYC, Tokyo, London, Miami, etc. to protect their purchasing power.

Gold is obviously given a significant monetary premium as the utility value of gold is just a fraction of its market capitalization

It's hard to estimate the notional value, but the point here is that there is a significant monetary premium put on all assets brought on by monetary debasement as investors look to shelter their spending power. The Bitcoin thesis is simple: It is fundamentally the best SoV asset ever created and will absorb the vast majority of the monetary premium currently present across other asset classes -- and on the other end of this absorption should lie more attractive valuations on other assets for Bitcoin holders to deploy their capital into once this monetary premium is removed.