{"id":9783,"date":"2019-06-24T08:16:23","date_gmt":"2019-06-24T08:16:23","guid":{"rendered":"https:\/\/tradingshot.com\/?p=9783"},"modified":"2023-04-25T08:20:57","modified_gmt":"2023-04-25T08:20:57","slug":"how-many-btc-will-it-take-to-buy-1-ounce-of-gold-in-the-future","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2019\/06\/24\/how-many-btc-will-it-take-to-buy-1-ounce-of-gold-in-the-future\/","title":{"rendered":"How many BTC will it take to buy 1 ounce of Gold in the future?"},"content":{"rendered":"

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).<\/p>\n

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.<\/p>\n

We can easily claim that we have a new King of Store of Value in town!<\/p>\n

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.<\/p>\n

Based on rough estimates, the angle sequence of the Lower Low legs within the parabolic curve places the next target at 0.02.<\/p>\n

What do you think? How many BTC would it take to buy 1 ounce of Gold in the future?<\/p>\n

 <\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/XAUUSD\/itfV78es-How-many-BTC-will-it-take-to-buy-1-ounce-of-Gold-in-the-future<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":611,"featured_media":9784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=9783"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9783\/revisions"}],"predecessor-version":[{"id":9787,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/9783\/revisions\/9787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/9784"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=9783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=9783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=9783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}