I'm a nerd, I like to do math. I did some math based on the data available.
Priced in Gold, Bitcoin's price in gold since inception is showing that Bitcoin intrinsic value priced in gold has reverted to the long term average using normal daily pricing distributions. Based on historical data, once the probability of a reversion approaches zero (area in yellow) a correction of Bitcoin priced in gold eventually follows suit. We're there now, feel free to review the link and any feedback is welcome.
https://docs.google.com/spreadsheets/d/e/2PACX-1vTX7dJsi7OeWCLcmMKeYfejWByakhxEy8cb-LtvsF7Os35A5-OJti0mctqStsAJ-gEs4MJk7fL1U7-u/pubchart?oid=630716852&format=interactive
Priced in Gold, Bitcoin's price in gold since inception is showing that Bitcoin intrinsic value priced in gold has reverted to the long term average using normal daily pricing distributions. Based on historical data, once the probability of a reversion approaches zero (area in yellow) a correction of Bitcoin priced in gold eventually follows suit. We're there now, feel free to review the link and any feedback is welcome.
https://docs.google.com/spreadsheets/d/e/2PACX-1vTX7dJsi7OeWCLcmMKeYfejWByakhxEy8cb-LtvsF7Os35A5-OJti0mctqStsAJ-gEs4MJk7fL1U7-u/pubchart?oid=630716852&format=interactive