Opinion: The Bitcoin to gold exchange rate has dropped to 15, and BTC will enter an extreme value-for-money range

Analyst Murphy stated that in this cycle, the exchange rate of Bitcoin to gold has dropped from 41 to 15, while in the previous cycle, the lowest value of this ratio when Bitcoin hit its low was 9.

Analysts believe that with the craziness of the gold market, this value is expected to reappear soon. At some point, capital will certainly recognize the cost-effectiveness of BTC again, and that moment is only getting closer.