Opinion: With the Bitcoin/gold exchange rate dropping to 15, BTC will enter a period of extreme cost-effectiveness.

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MarsBit
01-29
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According to Mars Finance, on January 29th, analyst Murphy stated that in this cycle, the Bitcoin-to-gold exchange rate has fallen from 41 to 15, while in the previous cycle when Bitcoin hit its lowest point, this ratio was as low as 9. The analyst believes that with the current frenzy in the gold market, this value is expected to reappear soon. At some point, capital will definitely rediscover the cost-effectiveness of BTC, and that moment is drawing ever closer.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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