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Is Bitcoin Following An Explosive 1970s Gold Fractal?

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Bitcoin price could potentially be following a fractal from gold during the 1970s – the last time inflation in the United States got out of control.

What followed was a more than 700% rally in the precious metal. Will the same happen in digital gold?

Bitcoin Follows Price Fractal From 1970s Gold

Over the last week, both Bitcoin and gold have rallied in the wake of widespread bank runs and failures. Gold is up roughly 10% on the year, while BTC is near a 70% return.

With bank shares plummeting and the top cryptocurrency by market cap rising, BTC priced in banks makes for some of the most shocking and awe-inspiring price charts you could imagine.

That shock and awe might continue, if a fractal BTC is following from 1970s gold continues to unfold. In the 1970s, the United States inflation rate reached over 10% and double-digits wasn’t uncommon through the early 80s.

During the worst of it, gold went on to climb more than 750% from $100 to $850 per troy ounce of the precious metal. Now that same price fractal is potentially back in Bitcoin, and so is soaring inflation.

Bitcoin today versus 1970s gold | BTCUSD on TradingView.com

The Fastest Horse In The Race Against Inflation

During the 2020 bull run, billionaire investor and philanthropist Paul Tudor Jones famously said that Bitcoin could be the fastest horse in the race against inflation, referencing 1970s gold.

Inflation had first reached double-digits in 1974, only three years after US President Richard Nixon announced that the United States would no longer be convertible from dollars to gold at a fixed price of $35 per ounce.

Gold went parabolic, first experiencing a pullback in 1974 when inflation got overheated. After a two-ye

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Author: Tony "The Bull"

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