After Peter Schiff annoyed me about dancing over gold mild rise I got to thinking that when we look at a BTCUSD chart we're not adjusting for inflation. So let's grant Pete's argument that Gold is indeed the true inflation hedge, perhaps then we should see how BTCGOLD looks?
This is as simple as making a formula chart: BTCUSD / GOLD
$BTCUSD/TVC:GOLD
Notice how the ATH is 37oz/BTC?
at $2300/oz x 37 = $85100
Gold may rise a bit more by the time we run hard again, 2400 x 37 = $88800
How's that for some hopium?!
Please like and share!
This is as simple as making a formula chart: BTCUSD / GOLD
$BTCUSD/TVC:GOLD
Notice how the ATH is 37oz/BTC?
at $2300/oz x 37 = $85100
Gold may rise a bit more by the time we run hard again, 2400 x 37 = $88800
How's that for some hopium?!
Please like and share!