Bitcoin Breaks to 18/oz Gold: What's Next?
Ashraf Laidi | Nov 08, 2023 06:55AM ET
Bitcoin/Gold ratio has just hit $18/oz, the highest since May 2022, when the ratio began crashing as the Fed began the first of 75-bp hikes. Returning to the level prior to the ratio plunge is significant.
I've indicated in a recent video how the $16/oz BTC/XAU ratio served as an effective green light for inflection points (rallies & declines) in Bitcoin. And to understand why I choose to compare BTC vs GLD, here is a reminder.
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