Bitcoin just hit a new all-time high of $80,500 following the recent US Election Trump Pump with $850,000 BTC price now in play according to Tuur Demeester, editor-in-chief of the Bitcoin analysis firm Adamant Research, clarifies that parity with gold's market cap will act as more of a "magnet" for investors: "Bitcoin? vs. Gold? – the ultimate store of value. [The] BTC/XAU chart suggests a target of a 130 to 1 ratio. So long horizon projections suggest $6,500 XAU & $850,000 BTC."
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