Bitcoin priced in ounces of gold shows a clear uptrend on the long term.
Following previous cycle movement for a similar Fibonacci levels, would take us this cycle to around a 100 ounces of gold per bitcoin, which at current USD prices would be around 350.000 usd per bitcoin.
Remember, fiat money is debt. Bitcoin and gold are hard and real money. Don't fall into the unit of account trap that the USD is.
Cheers.
Following previous cycle movement for a similar Fibonacci levels, would take us this cycle to around a 100 ounces of gold per bitcoin, which at current USD prices would be around 350.000 usd per bitcoin.
Remember, fiat money is debt. Bitcoin and gold are hard and real money. Don't fall into the unit of account trap that the USD is.
Cheers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.