According to @Andre_Dragosch, the BTC to gold ratio has dropped to a historic outlier within a Bitcoin power law framework, falling well below the 1 percent band and constituting a black swan move (source: @Andre_Dragosch on X, citing @sminston_with). According to @Andre_Dragosch, this setup implies either a sharp repricing of BTC toward median to upper quantiles for gold’s current valuation (he references a 200k to 300k range) or a renewed lift in the ratio if gold cools and capital rotates into BTC (source: @Andre_Dragosch on X).