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Bitcoin's Valuation vs. Gold Suggests More Upside, Analyst Says

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Bitcoin news: Analyst Michaël van de Poppe shared a Bitcoin chart showing the BTC/gold ratio has returned to levels seen at major cycle bottoms. The ratio is now around 21, far below the 2017 peak of 40. Van de Poppe says this suggests Bitcoin may still have significant upside. The current level aligns with past bottoming zones in late 2018/2019 and mid-2022. The underperformance against gold, combined with gold’s recent rally, points to a potential cycle low.
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