Damus
Niko 📚 Konsensus Network profile picture
Niko 📚 Konsensus Network
@OmniFinn
You can get 28.6 ounces of $gold with a bitcoin right now ($btc price 76189$). The #bitcoin #ATH was in November 2021, when you could get a whopping 37 ounces of gold with a single bitcoin. So today's price is about 77% off the ATH, meaning we need to see 98946$ to meaningfully speak of ATH.
116❤️6🤙3❤️21💯1🔥1
Diego Valley · 72w
So we’re just using a shitty measuring stick?
A-A-Ron · 72w
I usually do BTC/M2 to about for money supply, but this is taking it a step further! I love it!
SimOne · 72w
Yes, but the Bitcoin supply is fixed and more people are aware of Gold’s historical value than Bitcoin’s potential value. Bitcoin is still ridiculously cheap. Plus I don’t know many who would trade BTC for XAU! Glass half full! 🤓
ynniv · 72w
Even gold has inflation
SimOne · 70w
That didn’t take long… https://m.primal.net/Mcqu.jpg