The graph of BTC in Gold looks the same as BTC in terms of USD

@jondoe 76

over 3 years ago

LeoFinance

How's this for crazy!

The chart of bitcoin in USD is almost the exact same as the chart of bitcoin in gold.

Not only that but the moves pretty much have happened at the same times as well.

Sees:

(Source: https://twitter.com/100trillionUSD/status/1300041490970836992/photo/1)

The really interesting thing is that the price of bitcoin in USD just jumped over the price of bitcoin in gold after lagging it for months and months.

What does this mean?

Possibly that gold is overvalued?

Or possibly that bitcoin is undervalued compared to gold?

I'm not sure exactly what it means but it's the first time it's been over that line in years actually.

It looks similar to the setup we saw back in 2012.

Look what happened from there.

Posted Using LeoFinance

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1 comments

@hivebuzz 74

over 3 years ago

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