PE42: How much GOLD can Bitcoin buy?

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This is the forty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:56 Bitcoin on log scale, in terms of gold

02:27 Tops and bottoms in USD, what does it mean for BTC.AU?

18:15 Bitcoin priced in gold power trendline (95% R-squared)

18:57 1-sigma percentile moves

20:42 2-sigma percentile moves

24:47 Projecting out to 2030

Here we compare the price per bitcoin in terms of gold; that is, how many gold ounces can we exchange for 1 bitcoin at any point in time? We also layer in its best-fitting trendline, a power regression, as well as 1- and 2-sigma percentile bands to better understand where we are now versus historical levels.

Coefficients:

y = a * x ^ b

y = y-intercept * x ^ slope

y = 8.14E-21 * x ^ 582%

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Show content is not investment or financial advice in any way.