#Bitcoin vs #Gold price parity model - review 2024
- The average closing price for Bitcoin ( #BTC ) this year is $65,889. It is up 119.1% for the year.
- The average closing price for gold ( #XAU ) per kilo this year is $74,119 . It is up 28.7% for the year.
Despite a great start - thanks to #ETFs ; and continued support - thanks to #Trump rally ; #bitcoin fizzled towards the year end .. falling way short of my prediction of 90 K ..
Same happened to #Gold . Yet , it has around 12 % premium (over bitcoin) on per kilo basis !