since gold is also priced in dollars, then the graph is of the relative dollar investment in gold and bitcoin ain't it?
"price" is just a measure of number of Unit of Account chasing a particular commodity right?
so when the UoA is a fiat currency and everyone is seeking a safe haven for their purchasing power, the USD-denominated BTC/gold chart shows the comparative USD investment in those things.
if you're interested in gold vs BTC investor sentiment its important data
but otherwise.... meh
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This chart is measuring the end of an era