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The best #bitcoin denominator is not the US dollar.

I was looking at bitcoin vs gold and noticed that we havent even really come that close to a new ATH in gold terms... new ATH in gold terms should happen around 100k

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Discussion

Lau 1y ago

Ratio is variant in this inflationary system, I think commodities help to understand real terms better.

Reed 1y ago

I'm not sure what that means 🤣

Gold is better money than fiat, so I find it useful to compare where Bitcoin is at compared to Gold. Thanks for the zap!

Lau 1y ago

Crude oil, Bitcoin and gold are commodities. They relate better to eachother than an inflationary currency like the dollar.