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Latest Bitcoin Dip Adds Credence to 1970s Gold Comparison

DATE POSTED:November 28, 2020

Circling back to his analogy between gold prices in the 1970s, Paul Tudor Jones reveals exactly where he thinks Bitcoin is headed. 

Bitcoin Preparing for “Supercycle” 

Media site Zero Hedge shared a chart from PJT comparing gold prices in the 1970s with Bitcoin and found that Bitcoin’s current run to the high of the decade is still on the cards. 

The comparison between the two charts even signals a higher peak in Bitcoin than in December 2017. 

Any continued dump in $BTC would be extremely bullish as it would reveal we are following the gold fractal from the 1970s, as per below by Paul Tudor Jones–the legendary macro investor who successfully used fractals to predict the 1980s stock market supercycle.