It took me a little while, but I completely agree. Price is a language, it tells a story. Here's the story I see below: Gold has been the superior money for thousands of years. It is currently being repriced in Bitcoin (more slowly than some of us would like). Bitcoin failed to sustain a level above 1KG per coin (right around 35oz) and then fell.

The fiat chart doesn't tell much of a story. It's just noise. Paper money is a short and tragic glitch in the long history of sound money.