Will the price go to 1 BTC = 1 oz gold again?

[Sindbad]

What do you think?

[1715299716]

1715299716

[1715299716]

1715299716

[rodalutor]

I think it's unlikely that will happen. There's no real reason for it to do so. So it just becomes a case of will BTC crash to 1/3 its current value or gold pump 3x its value. We can dismiss the latter happening with quite a strong degree of certainty, at least in the shorter term. BTC is unlikely to crash so far because of the cost to mine and the strong support levels around $3000.

[bitbunnny]

I don't think this will happen. No matter the current situation Bitcoin price will not drop that much and gold will not rise that much either
In general I don't like these Bitcoin and gold comparisons because I don't think they have much in common and Bitcoin investors are usualy not gold investors at the same time and not the same rules are valid for gold and cryptocurrencies market.

[masterzino]

This is completely unnecessary comparison. Bitcoin and Gold doesn't shave anything in common except that some people are calling Bitcoin the "Virtual Gold".

But I don't think that the price will fall so badly. If we see a Bitcoin under $1500, this will lead to a total panic.

[Tytanowy Janusz]

It is possible for bitcoin to cost close to 1000$ but it is not because its similar to gold somehow. Gold and bitcoin are totally different. Its like you would ask if oil can cost as much as coffe just because they are all black.

[Shohanur]

What do you think?

Really a unnecessary comparison it is. The price of Bitcoin and gold are not in the same stage. The price of Bitcoin far better than gold. Generally we will not able to any find investors who want to invest both of the asset. Investors in Bitcoin and gold are not same minded.

[LFC_Bitcoin]

1 ounce of gold is approximately $1,400. No, I don’t think bitcoin will go that low, we may go sub $3,000 per bitcoin for a period but $1,400 per coin is asking for too much imo.

[El duderino_]

1 ounce of gold is approximately $1,400. No, I don’t think bitcoin will go that low, we may go sub $3,000 per bitcoin for a period but $1,400 per coin is asking for too much imo.

there was that day 1oz of gold almost covered all BTC's.....

and

there will be that day that a car trunk full of gold equals 1BTC and beyond

[jhongzjhong]

What do you think?

Time can tell, we should patiently wait for the possible recovery of Bitcoin price. No matter what happens to the market still that will exist for the long term. Before that will happen that a price of Bitcoin will equal to 1oz gold and probably that might happen again. For me, the Bitcoin price is just more than the gold we could not compare them. Someday it'll be back to the higher price more than we expected.

[Adriano2010]

I don't think this will happen, in my opinion i think next year we can see a new all time high for bitcoin. So the best bet is to hold and get more coins and also hold for long time or just until you think you get enough profit when sell.

[reflector]

I don't think this will happen, in my opinion i think next year we can see a new all time high for bitcoin. So the best bet is to hold and get more coins and also hold for long time or just until you think you get enough profit when sell.

Holding is not a good option for all the time so we can take risk in bet it will make good success. Few more peoples only take action in this kind of situation because of continuous price drop and raise will make great profit. If you have experience in crypto trading and gambling it will be helpful for future reference. Keep calm is the only option in crypto market because patients make big success.

[sorrysteve1]

1 ounce of gold is approximately $1,400. No, I don’t think bitcoin will go that low, we may go sub $3,000 per bitcoin for a period but $1,400 per coin is asking for too much imo.

there was that day 1oz of gold almost covered all BTC's.....

and

there will be that day that a car trunk full of gold equals 1BTC and beyond

There will likely be a day when 1 BTC covers all the gold in the world. We're rapidly moving towards a digital society, gold will become useless given its obvious limitations. BTC does not face such limitations and is the future.

[exstasie]

What do you think?

It's possible if gold confirms a new bull market. If it hits a new ATH, I'd expect at least $3,000-$4,000+ so if Bitcoin has a sideways year, they might reach parity. There's also a slight possibility that Bitcoin crashes near the 2013 high, so the two could momentarily reach parity around $1,200 or $1,300.

It's a silly comparison anyway because the two are measured in different ways (ounces vs. satoshis). It's pretty arbitrary.

[Indamuck]

I don't think Bitcoin will drop that much and gold will not rise enough for this to be possible.  A lot of gold is still being mined and if asteroid mining becomes a reality the price of gold will plummet.  Investing in bitcoin has an enormous advantage over gold because of the potential growth upwards that the established metal market lacks.

[DeathAngel]

No way I can see the price of BTC dropping that low. $3,000 is acting as atrong support right now so it would have to drop another 50% now to reach gold parity.

Not happening!

[leowonderful]

Depends what the market sentiment is in the future. We could very well be bouncing back to $5000 or above in the short term if an IHS pattern is confirmed with sufficient volume above ~$4200 and we may not reach the mid $3000s for some time again, or the pattern could be invalidated and prices could drop into the low $3000s again. Nobody knows in the end- people thought BTC would hold $6000 as a major support point, but we all know how that turned out.

[Baofeng]

What do you think?

Well everything is possible but I don't think we will reach that point again. Will you not buy bitcoin and take that risk again when the price is just $1K? I'm sure that many investors will take that opportunity to scoop a lot of bitcoins, while casual investors will also jump and try to get at least 1 BTC because everyone had a dream to at least earn one full BTC in their lifetime. So we might see a massive buying when the price hits $1K-$2K, just sayin'.

[pixie85]

I'm sure it will. Bitcoin is better than gold there's no reason for its price to be lower. We aren't seeing a huge boom now because we are watching at very short timelines. Gold has a long history and Bitcoin is this novelty that also wants to be a tradable asset, a currency, a store of value, a long range payment system. It will take a lot of time before it establishes a position in all these areas.

[Capt00]

I'm sure it will. Bitcoin is better than gold there's no reason for its price to be lower. We aren't seeing a huge boom now because we are watching at very short timelines. Gold has a long history and Bitcoin is this novelty that also wants to be a tradable asset, a currency, a store of value, a long range payment system. It will take a lot of time before it establishes a position in all these areas.

Probably you were right, gold is a long time existed valuable thing but the price remained stable if Bitcoin were in the place of gold now probably it's too expensive at this time. So, therefore bitcoin is much better than gold and we can wait for it until the right price will achieve.
Yes, it will reach but we don't know yet when.

[Biscutard]

Too much of an speculation right now, we didn't even know if there is a bull run or not. I wouldn't expect too much from the market since it is very unpredictable no matter what you do to guess it, it will always stays on the other side where no one could ever know.