OPEN-SOURCE SCRIPT
已更新 The Price of Hard Money
If we calculate “the price of hard money” (the market capitalization weighted price of gold plus Bitcoin); we get this chart.
Since 2017, Bitcoin’s share of hard money growth has been increasing, we can see it visibly on the gold chart by a widening delta between the price of hard money and the Gold price. We can also see some interesting technical behaviours.
In 2021, Hard Money broke out and held this breakout above the 2011 Gold high. Only later in 2022 did a correction of 20% occur – typical of Golds historic volatility in periods of inflation and high interest rates.
Hard Money is at major support and we have evidence for a fundamental shift in investor capital flows away from gold and into Bitcoin.
This Indicator is useful:
- To track the market capitalization of Gold (estimated), Bitcoin and combined market capitalization of Hard Money.
- To track the price action and respective change in investor flows from Gold to Bitcoin .
Provided Bitcoin continues to suck more value out of gold with time, this chart will be useful for tracking price action of the combined asset classes into the years to come.
Since 2017, Bitcoin’s share of hard money growth has been increasing, we can see it visibly on the gold chart by a widening delta between the price of hard money and the Gold price. We can also see some interesting technical behaviours.
In 2021, Hard Money broke out and held this breakout above the 2011 Gold high. Only later in 2022 did a correction of 20% occur – typical of Golds historic volatility in periods of inflation and high interest rates.
Hard Money is at major support and we have evidence for a fundamental shift in investor capital flows away from gold and into Bitcoin.
This Indicator is useful:
- To track the market capitalization of Gold (estimated), Bitcoin and combined market capitalization of Hard Money.
- To track the price action and respective change in investor flows from Gold to Bitcoin .
Provided Bitcoin continues to suck more value out of gold with time, this chart will be useful for tracking price action of the combined asset classes into the years to come.
版本注释
Calculation fix and added option to select the Price of Hard Money baselined for either Bitcoin or Gold.开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。