Based on the fractal, Bitcoin is in the early stages of a long rally, which may allow BTC to experience exponential growth in the long run.

Bitcoin can take the same path as gold
There are two main reasons why Bitcoin has followed the general trend in gold since the 1970s. First, BTC has a stable supply that it cannot expand, making it an attractive inflation hedge. Second, BTC has the same safe assets as gold.

In August 2020, the Winklevoss twins, the billionaire Bitcoin investor behind the most important US cryptocurrency exchange Gemini, presented a revolutionary argument for why the price of BTC rose to $ 500,000.

In the thesis, they described the qualities of Bitcoin that would make it a viable secure resource. Winklevoss emphasized that Bitcoin is not exposed to potential supply shocks, unlike gold. They wrote:

Make a donation. Bitcoin is not just a rare commodity, it is the only known commodity in the universe that has a specific and fixed supply. As a result, Bitcoin is not affected by any of the potential positive supply shocks such as gold (or other commodity). in this regard) may be met in the future. ”
Given this property of Bitcoin, investors have consistently argued that Bitcoin is a safer resource than gold. This comparison of Bitcoin and gold leads many to believe that Bitcoin is on a long-term exponential growth path.

According to Su Zhu, CEO of Three Arrows Capital, one of the largest funds in the cryptocurrency area.

“Any continued dumping of BTC to the US dollar will be very optimistic, as it shows that we follow gold fractals from the 1970s, as Paul Tudor Jones, a legendary total investor who has successfully used fractals to predict the stock market, reports below. 1980s Motorcycle “.
There is also a big gap between the Bitcoin valuation and the gold price. The current market value of gold is estimated at $ 9 trillion. In comparison, the market value of Bitcoin is less than 4% of the value of gold, leaving a gap between the two assets.

Investors say bitcoin assets make it strong
Tyler Winklevoss also noted that the anonymity of the Bitcoin creator is an important positive factor in the digital environment.

He said Bitcoin has grown to $ 330 billion, but Satoshi Nakamoto, its creator, is still unknown.

It only serves to legitimize and strengthen the perception of Bitcoin as a sufficient store of value. He said:

“The fact that we do not yet know who Satoshi is # Bitcoin’s market value is $ 330 billion is proof that Bitcoin speaks for itself.”

Source: CoinTelegraph