URL has been copied successfully!
Matthew Sigel, VanEck’s Head of Digital Assets Research, on Tuesday said Bitcoin (CRYPTO: BTC) looks cheap and could hit $160,000 just to catch up with where equities already are based on current Buffett Indicator levels.
The 35x Bitcoin-To-Gold Ratio
Sigel wrote on X that if Bitcoin regains the 35x BTC/XAU cross implied by current levels of the Buffett Indicator, the price target sits at $160,000.
Bitcoin currently trades near $81,000 while gold prices hover around record highs, leaving the current Bitcoin-to-gold ratio at roughly 17x.
A chart shared by Sigel compared the BTC/XAU ratio against the Buffett Indicator, which measures the total value of the US stock market relative to GDP.
It …
Please follow us:
