Bitcoin Hits Historic Gold Ratio as Global Debt Concerns Grow
Bitcoin's price is hovering around $80,724, down 0.93% over the past 24 hours. This modest pullback doesn't detract from a bigger story unfolding against gold.
According to TradingView figures, one Bitcoin now buys roughly 18.17 ounces of gold, the richest ratio since January. Analysts are watching this ratio closely, with some predicting it will surge even higher before the year is out.
The catalyst behind this trend isn't yield curves or rate-cut odds, but rather fiscal arithmetic. Major advanced economies are carrying debt-to-GDP ratios above 100%, and the U.S. leads on primary deficit, stripping out interest payments.
U.S. Treasury Secretary Scott Bessent told G20 finance ministers that 'the world is awash in debt... and the only way for us to get out of this is to grow our way out of this.'