Bitcoin Leaves 16oz Gold Behind

As Powell's press conference drove down bond yields on his statement about upcoming tightening of conditions (reducing the need for further hikes), bitcoin rallied higher alongside equities. Now that Bitcoin/Gold ratio is well above 16 (17.9) the highest since May 2022, the implications for further run-up are enormous. If you take a closer look at last week's video about the importance of the 16.0 Ratio, you will appreciate its historical effectivenes regarding Bitcoin's inflection points (upside and downside). Here's the video again illustrating the turning poins since autumn 2020. And if you ask "Ashraf why compare Bitcoin vs Gold instead of something else?" here is the answer   

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