Bitcoin is Now Less Than 18 Ounces of Gold: BTC XAU Ratio in Focus

Bitcoin (BTC) is changing hands around $80,724, down 0.93% over the past 24 hours, a modest pullback, and certainly one that doesn’t dent the bigger story unfolding against gold. One Bitcoin now buys roughly 18.17 ounces of the metal, the richest ratio since January, per TradingView figures. There’s a number further down worth watching too — an analyst call that puts this ratio far higher before the year is out. (Source – BTCXAU, TradingView) The catalyst isn’t yield curves or rate-cut odds. It’s fiscal arithmetic. Every major advanced economy except Switzerland now carries a debt-to-GDP ratio above 100%, and the U.S. leads on primary deficit, the shortfall once interest payments are stripped out. U.S. Treasury Secretary Scott Bessent told the G20 finance ministers’ meeting in Asheville, North Carolina, this week that “the world is awash in debt… and the only way for us to get out of this is to grow our way out of this.” SkyBridge Capital’s Anthony Scaramucci turned that line into a pointed rebuttal on X, calling it “the best Bitcoin ad of the year” — delivered, he noted, by twenty finance ministers who didn’t mean to make it. Both assets are rallying on the same debasement thesis ...