Checking in on Bitcoin's power law in GOLD 💰🪙 - - - This is seriously a historic 'Black Swan' for the BTC/Gold ratio. Whether we are experiencing a precious metal bubble, soon to pop, or a true transition of the monetary order (a la Ray Dalio), next moves imply huge BTC gains. - - - The current quantile is approximately 10^10 (0.0000000001%); illustrated by how far we've dropped below that 1% line. This is how rare and unlikely BTC's price in gold is to far this low - a true outlier. Either the implied price shoots up to its 50th- 95th level ($200k-300k range) due to gold's current value, OR the ratio lifts off again as gold cools (similar effect) due to rotation into BTC from gold. It's called holding the world's hardest asset, people.

Unlikely it was ever going to keep it up against a hard asset like Gold. USD is a different case altogether.