$BTC

BTC

62,918

-4.88%

Is Cheaper Than 2017 — In Real Terms

Not in USD terms, but relative to gold and global liquidity.

The BTC/Gold ratio is near historical lows, while global liquidity models show Bitcoin is deeply undervalued.

Long-term holders are not selling.

Gold and silver have recently surged but are now showing signs of breakdown.

Historically, when capital crowds into precious metals, the next asymmetric move tends to appear in Bitcoin.