Miller Cole Says Bitcoin-Gold Ratio Reclaimed 50-Week Average

Miller Cole, research and content analyst at Bitcoin treasury company The Smarter Web Company, said on X that 1 bitcoin is now worth about 18.55 ounces of gold, up from about 15.3 ounces a month ago. According to ChainCatcher, he said Friday's bitcoin price move pushed the BTC/XAU ratio back above its 50-week simple moving average, which he described as a bullish signal. Cole added that he expects the BTC/XAU ratio to reach a new high during the current cycle over the next few years.