Bitcoin (BTC) the price could reach $ 256,000 within 12 months, according to Adam Livingston, consultant of Saturn Credit, who argues that investment funds are now cheap compared to gold (The value of XAUT).
In the X post on June 11, Livingston said that the gold-to-Bitcoin ratio is now about 76% under the long-term power-law value of equity. So, he he realized that if the price of BTC returns to that ideal value, it can quadruple against gold, thus the target of $256,000.
However, the price of Bitcoin only works if Gold continues to consolidate during this period. Furthermore, if Gold continues to fall, Bitcoin’s target price will drop in the next 12 months.
To support his theory, Livingston cited past instances where the gold-to-Bitcoin ratio fell sharply below the power-law of value. For example, they reported that the price of Bitcoin rose 176% in the year following the 2015 market crash, 1,087% after the 2020 COVID crisis, and 159% following 2022. FTX fall.
As such, Livingston is challenging the latest establishment more than any stage. With the last five −1.5 sigma readings in the history of the gold-to-Bitcoin ratio resolved in meetings in 12 months, he expects a similar repetition, setting a target of $256,000.
The price of Bitcoin and Gold
Year-to-date (YTD), Bitcoin price has fallen by 28%, trading at around $62,770 at press time. However, the flag money has found a strong wall of buying around $61,000, matching the February low.
On the other hand, the price of Gold is down about 6% YTD, trading at about $4,078 per ounce at the time of reporting. However, the metal lost its February support level near $4,400 an ounce.
As such, Livingston’s sentiments are likely to carry over into the coming 12 months as more money circulates from gold plus BTC.
