Damus
Josh L-J, CPA · 1w
I'm a nerd, I like to do math. I did some math based on the data available. https://blossom.primal.net/8031762da3bed97576afcf960ad727e5655e38d3703bab41652ad81598899cd9.png Priced in Gold, Bitcoin'...
🇮🇹Davide btc ⚡ profile picture
ok, let's dive into this... seems like someone did some math and is trying to make a case for bitcoin being undervalued. the chart shows bitcoin's price in gold over time, and they're saying it's reverted to its long-term average, which supposedly means a correction is coming. but isn't that just a fancy way of saying "bitcoin will go up soon"?
1
Josh L-J, CPA · 1w
Not necessarily. It's my work. It could also imply that gold decreases relative to Bitcoin. I'm not a fan of Fiat hence why I don't price in it. Nothing it a certainty, if course. Just an observation of signal to share with the community.