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Can you explain this graph that shows a similar "preservation of value" of oil, gold, and USD over time?


Can you explain this graph that shows a similar "preservation of value" of oil, gold, and USD over time?

Hi all,

This graph was mentioned in a YT video (in french) that surprised me, and I feel there is something not right here but I don't really understand it, nor understand what the capitalisation of USD deposit really is.

The video claims that all the hype of preservation of value through Bitcoin to escape the deflationary fiat is invalid. The guy uses this graph to illustrate that the value of USD and gold are all tracking the price of energy (oil), therefore the concept of Bitcoin and proof of work being a store of value (a proxi for energy) is not important.

Can you make sense out of it? Thanks!

submitted by /u/coconutforall [comments]


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