Viewpoint: Bitcoin-to-Gold Exchange Rate Hits 15, BTC to Enter Ultimate Value Range

BlockBeats News, January 29th, Analyst Murphy stated that in this cycle, Bitcoin's exchange rate against gold has dropped from 41 to 15, while in the previous cycle when Bitcoin bottomed out, the lowest value of this rate was 9.

The analyst believes that with the craziness of the gold market, it is expected that this value will reappear in no time. At some point, capital will definitely re-recognize the cost-effectiveness of BTC, and the time until that moment will only get closer and closer.