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Illustration by Sylvain Saurel

Stop Using Weak Money Like U.S. Dollar for Pricing Bitcoin, Use Gold Instead for More Accuracy

Don’t compare apples to oranges.

Sylvain Saurel
Aug 26 · 5 min read

Pricing Bitcoin in weak money such as the U.S. dollar is irrelevant

The price of an ounce of gold has exploded against the U.S. dollar in the last 50 years

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Gold price in USD since 1971

All stores of value are up in the face of the weak U.S. dollar

Comparing the Bitcoin price to the price of an ounce of gold is much more relevant

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Bitcoin priced in Gold (ounces)

Conclusion


In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers…

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

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