BlockBeats News, January 29 — Analyst Murphy stated that in this cycle, the Bitcoin to gold exchange rate has dropped from 41 to 15, whereas during the previous cycle’s lows, the lowest value of this ratio was 9.
The analyst believes that with the frenzy in gold prices, this figure is expected to reappear soon. At some point, capital will once again recognize the cost-effectiveness of BTC, and now that moment is getting closer and closer.
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