How many BTC will it take to buy 1 ounce of Gold in the future?
With both Bitcoin and Gold rising aggressively over the past few weeks, I thought it would be both useful and interesting to make a quick analysis of the relationship between the physical store of value (Gold) and the digital store of value (Bitcoin).
The GOLD/BITCOIN ratio started off in huge favor of Gold as Bitcoin was still in its early stages requiring vast amounts of digital currency for 1 ounce of Gold. The relationship quickly reversed and in less than 7 years turned in favor of BTC.
We can easily claim that we have a new King of Store of Value in town!
Naturally the rate of growth of the cycles decelerates while the duration of each cycle (lower high to lower high) is extended as Bitcoin is achieving maturity.
Based on rough estimates, the angle sequence of the Lower Low legs within the parabolic curve places the next target at 0.02.
What do you think? How many BTC would it take to buy 1 ounce of Gold in the future?
The GOLD/BITCOIN ratio started off in huge favor of Gold as Bitcoin was still in its early stages requiring vast amounts of digital currency for 1 ounce of Gold. The relationship quickly reversed and in less than 7 years turned in favor of BTC.
We can easily claim that we have a new King of Store of Value in town!
Naturally the rate of growth of the cycles decelerates while the duration of each cycle (lower high to lower high) is extended as Bitcoin is achieving maturity.
Based on rough estimates, the angle sequence of the Lower Low legs within the parabolic curve places the next target at 0.02.
What do you think? How many BTC would it take to buy 1 ounce of Gold in the future?
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.