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It still has to be BTC; the Bitcoin-to-gold ratio has reached 18.17, hitting a new high since January.
Both Bitcoin and gold are rising together. The core logic is that the market is betting the government will dilute debt through devaluation.
US Treasury Secretary Bessent himself said, "The world is flooded with debt, and the only way out is growth." Translated, this means—money is becoming less valuable, and hard assets are expensive.#AugPayrollsBeat #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC
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1#AugPayrollsBeat
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3#OKXOutcomeLeagueFOMC
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