Bitcoin-to-gold ratio falls to new low, but analysts say BTC’s discounted ‘setups are rare’
Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.
Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment opportunity for BTC.
Key takeaways:
The Bitcoin-to-gold ratio fell to 18.5 ounces per BTC, its lowest since November 2023.