No.

You do not magically arrive at a hard money standard by dividing two USD numbers together.

This should be obvious.

In the real world you are measuring the actual movement of real things. And it matters *which* real thing you are using to measure.

In this case, we are measuring the proportional USD-denominated value of two assets.

That is what that graph measures. How many US Dollars are chasing an oz of gold relative to how many US Dollars are chasing a bitcoin.

ie, US Dollar denominated.

So if the Maxi hypothesis is correct and we are entering hyperinflation, what you're seeing is the cantillionaire effect into gold versus the cantillioner effect into Bitcoin.

How is that a hard money standard?

Its still fiat bullshit.

A data point, but a fiat data point.