Scott on Nostr: It’s interesting to observe this triad (BTC / AUD / CAD). As the exchange rate of ...
It’s interesting to observe this triad (BTC / AUD / CAD). As the exchange rate of #BTC to the Australian dollar (AUD) peaks clearly above $100,000 AUD, the exchange rate of BTC to the Canadian dollar is hovering at $94,000 CAD. This spread on the exchange rate isn’t unusual, as the CAD has had about a 1-10 cent advantage of the AUD for most of the past two decades, with a few very short periods of parity or slight AUD advantage. It will be interesting to watch this over the months and years ahead though, with BTC exchange rate as a lens.
Canada and Australia are both economies with highly financialized housing markets and many socio-economic similarities. As #Bitcoin adoption continues to increase over the coming months and years, and as BTC further displaces other asset classes (housing, gold, collectibles, bonds and equities) as stores of value, it will be interesting to see whether the BTC/AUD and BTC/CAD will remain comparatively range bound or whether we’ll see any divergences.
This triad may provide interesting opportunities to gauge the relative impact of Canadian and Australian fiscal and monetary policy, as well as other public policy directions over the months and years ahead.
Canada and Australia are both economies with highly financialized housing markets and many socio-economic similarities. As #Bitcoin adoption continues to increase over the coming months and years, and as BTC further displaces other asset classes (housing, gold, collectibles, bonds and equities) as stores of value, it will be interesting to see whether the BTC/AUD and BTC/CAD will remain comparatively range bound or whether we’ll see any divergences.
This triad may provide interesting opportunities to gauge the relative impact of Canadian and Australian fiscal and monetary policy, as well as other public policy directions over the months and years ahead.