The bitcoin-to-gold ratio has reached 18.17, its highest level since January, with one bitcoin now trading around $80,800 to $81,000. This simultaneous rise in bitcoin and gold is driven by fears of currency debasement amid growing government debt, as the debt-to-GDP ratio exceeds 100% across all major advanced economies except Switzerland. Anthony Scaramucci interpreted U.S. Treasury Secretary Scott Bessent’s comments on growth as an implicit argument for bitcoin. While this ratio confirms bitcoin’s relative strength versus gold since January, it does not prove that this movement will be durable or represent a permanent redistribution of safe-haven demand.
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