BlockBeats message, January 29, analyst Murphy stated that during this cycle, the exchange rate of Bitcoin to gold has dropped from 41 to 15, while in the last cycle, when Bitcoin hit its low, the minimum value of this ratio was 9.

Analysts believe that with the crazy gold market, this value will reappear in no time. At some point, capital will definitely recognize the cost-effectiveness of BTC again, and now the time to that moment is only getting closer.