Bitcoin/Gold Ratio - Is BTC topped out in terms of Gold?
Interestingly enough, the long term chart of Bitcoin/Gold - AKA how many gold oz 1 bitcoin buys you, seems to be following the issuance curve of bitcoin supply...which is going to have less and less deflation going forward, due to the principle of Bitcoin. Doesn't mean anything for the U.S dollar price of bitcoin really, just implies that gold will out perform Bitcoin in a hyper inflationary environment, contrary to what many BTC bulls believe.
What do you guys think? I am open to all ideas. This could be wrong!
What do you guys think? I am open to all ideas. This could be wrong!
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