Z Score of Bitcoin-to-Gold Ratio Signals 'Major' Rally Coming: Analyst
Analyst Samson Mow suggests Bitcoin is undervalued compared to gold and the money supply, indicating a potential significant price rally.Summary
Samson Mow, CEO of Jan3, believes Bitcoin is currently undervalued relative to gold's market capitalization and the global money supply. He points to a Z-score of the Bitcoin-to-gold ratio, which currently sits at -1.24, as a key indicator. Historically, when this Z-score drops below -2, Bitcoin has experienced substantial price increases. Similar patterns were observed during the FTX collapse in November 2022 and the Covid crash in March 2020, both preceding significant rallies. While some analysts predict further declines due to market uncertainty, Mow's analysis presents a contrarian view, suggesting a potential 'major' rally is on the horizon. He notes that gold is currently overextended while Bitcoin is undervalued.
(Source：Cointelegraph)