Gold priced in BTC has seen a drastic devaluation over time and that deceleration has begun to moderate - everyone knows that.
The chart below show that BTC highs v gold occur about 12 - 18 months post-halving and that the 3 previous halvenings have seen gold post successive lows when measured in BTC. But what is interesting is that currently we're at about the same level as we were post-halvening in May to Oct 2021 and that if the trend should continue then the expectation is that BTC's price would rise orders of magnitude greater than gold's with the yellow metal putting in a new all time low against BTC (the aqua path*) even if it puts in highs measured in fiat.
However, the proposition that
@IPDA is putting forward is:
1. that this historical trend has run its course, and
2. will reverse, even until the next halvening possibly sometime in 2028 (see blue path)
View attachment 93595
This proposition of course requires a trend reversal which would not only be in opposition to historical price action, but also ignore the impact of government fiscal (which I would argue is a known) and monetary policy and any regulatory changes in the finance industry. The only way I could see his scenario pan out would be a massive dislocation of the world's current economic condition ie war and then it will still remain to be seen how the price of BTC reacts to that devastating outcome.
* the forecasts are just illustrative.