Data: The Bitcoin to gold ratio has dropped to 19, the lowest since November 2023

According to The Kobeissi Letter, the ratio of Bitcoin to precious metals has recently declined significantly.

The Bitcoin to silver ratio has dropped to 1,104, a new low since September 2023, down 67% since May, indicating that silver has clearly outperformed Bitcoin. Meanwhile, the Bitcoin to gold ratio has fallen to 19, the lowest since November 2023, down 50% since January this year. In contrast, at the low point of the bear market in 2022, these two ratios were 680 and 9, respectively.