Strive CEO Matt Cole said the BTC-gold ratio is sending a strong signal that Bitcoin's next cycle could be the strongest on record. According to ChainCatcher, Cole pointed to two structural factors: long-term structural weakness in the U.S. dollar, and a world shaped by AI-driven abundance in which capital may increasingly chase scarce assets that cannot be replicated.

He added that if Bitcoin outperforms gold, it could attract disproportionate capital inflows and create a positive feedback loop.