Dangermouse… I read your comment… check this out. I tried not to go to far back.. so daily log chart back about 12 months.

Bitcoin simply does not price in very well non-usd fiat currency movement. Still need more guidance to understand why.

Or maybe it’s gold doing something different? I need to crunch more numbers.

Edit: adding more proof that gold is traded very much a currency, with little room for speculation… vs btc which has a much more speculative driven price.

Hope these 2 next charts prove this point.