Using Bitcoin/Gold Ratio to guage where BTC price could go:
-
#BTC denominated in
$GOLD currently at a ratio of 33/1.
-
#BTC denominated in
$GOLD has a measured move target of 130/1.
-
Current price of
$GOLD = $3,274*33 (current ratio) = ~$108,000 (today's price).
-
Current price of
$GOLD = $3,274*130 (measured move target ratio) = $425,620 (This is if
$GOLD stays flat).
-
Potential future price of
$GOLD = $4,000*130 (measured move target ratio) = $520,000