“The Woodward Queen,” said that when Bitcoin starts breaking out relative to gold, she feels reassured.
In the past month, BTC is up about +22%, while spot gold is up +2%; the ratio is about 18, its highest since January. Her sample is 2020–21 and 2024–25: gold rises first, then Bitcoin follows.
She also leaves herself an escape route: it’s only a small breakthrough—she’s afraid that saying it will end up making her look wrong.
In the past month, BTC is up about +22%, while spot gold is up +2%; the ratio is about 18, its highest since January. Her sample is 2020–21 and 2024–25: gold rises first, then Bitcoin follows.
She also leaves herself an escape route: it’s only a small breakthrough—she’s afraid that saying it will end up making her look wrong.