According to @smtgpt, JPMorgan analysts view Bitcoin (BTC) as undervalued relative to gold, highlighting a potential mispricing in the BTC/XAU ratio that is relevant for relative-value trading. Source: @smtgpt on X (Nov 7, 2025). Traders can monitor the BTC/XAU ratio and gold price momentum for confirmation and timing of crypto-macro positioning. Source: @smtgpt on X (Nov 7, 2025).