Gabor Gurbacs
Gabor Gurbacs
BTC+1.87%
Bitcoin returns look crazy because the denominator you use is worthless.
@ZLOK @MrHodl I used to look at stocks to gold ratios. SP500 or Dow to gold.
Gabor Gurbacs
Gabor Gurbacs
1) Stocks have never fully recovered after the DotCom bubble. Fiat currencies have just gotten weaker and weaker. The S&P 500 to Gold ratio is less than half what it was in 2000.
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@ZLOK @MrHodl True…. One of the reasons XAUT was launched is to measure the Bitcoin-Gold ratio. Bitcoin is obviously still winning. Gold is a better measuring stick than fiat.
Gabor Gurbacs
Gabor Gurbacs
XAUT/BTC is an under-appreciated trading pair. Tether Gold and Bitcoin. Two hard-moneys in 1 pair/market. Important dynamics. Past 1 day, 1 week and 1 month gold is in favor. Past 6 months, 1Y Bitcoin is in favor.
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BTCXAUT is basically flat YTD. If you care about hard money dynamics, you should measure your performance in hard moneys. Otherwise, you are measuring your Bitcoin returns in denominators that are tending worthless. Measure your Bitcoin in Gold and your Gold in Bitcoin.
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