Nowhere near ATH in GBP, at highest today its still been £7k short.
Discussion
Same with gold.
You can't compare against gold. There is no gold/BTC markets. They use the dollar price for each then compute
You’re right but it is personal to a lot of people
Yeah true nostr:nprofile1qqs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyqyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmds76tlq always points that out
And to extrapolate that logic out you cant compare anything to anything because the dollar is involved
there are no Bitcoin denominated charts
The dollar isn't involved in euro/BTC or yen/BTC or gbp/BTC.
However, people in the UK use actual pounds to buy Bitcoin, and get XX amount of Bitcoin. No dollar rails are used.
Now that being said, I'm not sure if coin gecko or Google or whatever are actually using local markets or just using dollar pairs then converting.
Gold is completely different than a large currency of course, because as far as I know there are no markets to exchange gold directly for Bitcoin. No data.
Okay but the same issues arise with with each and every fiat currency pair right? Am i missing somethung
No, they have active markets. Gold doesn't.
It's like saying a taco costs $1 at Taco Bell today. There is active markets of those give a dollar for a taco.
Same with euros. People actively spend xx euros to get a taco.
Now, use gold. Nobody pays gold for tacos. We don't have real pricing of tacos in gold to use and compare.
You would need to use dollars per taco, and gold per dollar to compare.
Same with EUR.
So milkshake theory has failed? 😅
