TradingShot
Short

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?
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Comments

Excellent analysis once again TradingShot! 0.02, so if gold keeps pumping, we could see prices well above 100k USD, this would also fit your and my longterm models. Keep it up and best regards :)
+2 Reply
TradingShot FlaviusTodorius67
@FlaviusTodorius67, Thanks Flav! Always good to get confirmation from you!
+1 Reply
Amazing.
+2 Reply
TradingShot monguilhot
@monguilhot, Thank you for the support!
Reply
nice setup
+1 Reply
TradingShot Make_Money_Guru_Bitcoin
Reply
Raise your hand if you'd rather own physical gold vs computer script?
Reply
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