The $15-16k FTX bottom was likely inorganic. If you plot
BTCUSD
versus
IXIC
,
GOLD
, and/or real rates, they say something similar. Why does this matter? One of the simplest ways to value an asset is the present value of its binomial probabilities, an upside case and a downside case. If that downside case is actually 25-30% higher, that's significant.
This chart depicts a few potential paths for
BTCUSD
if it were to begin going parabolic again, which wouldn't be all that surprising. In the 1970's, gold had a ~4x run over 2 years and an ~8x run over 4 years. You could say there is a slight difference in speed of communication, commerce and trade today vs. then.
BTCUSD
versus
IXIC
,
GOLD
, and/or real rates, they say something similar. Why does this matter? One of the simplest ways to value an asset is the present value of its binomial probabilities, an upside case and a downside case. If that downside case is actually 25-30% higher, that's significant. This chart depicts a few potential paths for
BTCUSD
if it were to begin going parabolic again, which wouldn't be all that surprising. In the 1970's, gold had a ~4x run over 2 years and an ~8x run over 4 years. You could say there is a slight difference in speed of communication, commerce and trade today vs. then.