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/biz/ - Business & Finance

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11041920 No.11041920 [Reply] [Original]

What does the historic price if gold mean for the price if Bitcoin?

>> No.11041954

nothing gold is just bitcoin for 60+ year old boomers

>> No.11041957
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11041957

>>11041920
At this point nothing. Gold isn't bootstrapping adoption like btc

Later gold and BTC will be inversely correlated once everyone realizes BTC is superior

>> No.11042000

>>11041920
Thats looks like a falling wedge if anything.

BTC looks more like a descending triangle

>> No.11042001

>>11041920
60k btc incoming

>> No.11042058
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11042058

>>11041957
>Later gold and BTC will be inversely correlated once everyone realizes BTC is superior

>> No.11042885

>>11041957
Truth.

From the next halfening on, Bitcoin will be the first globally accessible, immutable, uncensorable LIQUID asset, with a stock to flow ratio about as low as that of gold and only going lower.

Everybody who doesn't get what that means, read up on it as fast as possible and prepare accordingly.

At the halfening after the next one in 2020, so that in 2024, having a stock to flow ratio of half that of gold, it's going to be biblical.