๐ 1 Bitcoin = 20 ounces of gold $BTC $XAUT
At the beginning of this year, this figure was 12.8. Over 3 months, Bitcoin rose 37.7% against gold, and it rose 13.8% in the past month alone. Money is flowing out of the safe-haven investment (gold) and back into Bitcoin. Before that, gold was dominant: the ratio fell 64% from its peak of 36. We saw similar declines in 2018 (to around 3) and 2022 (to around 9). Each time, Bitcoin outperformed gold many times over the following two years.
๐ฐ The spot market takeaway is simple:
Start investing gradually on every price dip, and don't chase sudden price spikes. This scenario will remain in place as long as the Bitcoin-to-gold ratio (BTC/GOLD) is above 15. Next target: 23โ26 ๐๐
At the beginning of this year, this figure was 12.8. Over 3 months, Bitcoin rose 37.7% against gold, and it rose 13.8% in the past month alone. Money is flowing out of the safe-haven investment (gold) and back into Bitcoin. Before that, gold was dominant: the ratio fell 64% from its peak of 36. We saw similar declines in 2018 (to around 3) and 2022 (to around 9). Each time, Bitcoin outperformed gold many times over the following two years.
๐ฐ The spot market takeaway is simple:
Start investing gradually on every price dip, and don't chase sudden price spikes. This scenario will remain in place as long as the Bitcoin-to-gold ratio (BTC/GOLD) is above 15. Next target: 23โ26 ๐๐