BTC-Gold Ratio Hits 18 as Treasury Signals $4B+ Buybacks
Routine buybacks above $4B would turn Treasury liquidity into a recurring market variable while Bitcoin and gold rally together.
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Routine buybacks above $4B would turn Treasury liquidity into a recurring market variable while Bitcoin and gold rally together.
The ratio is the headline. The macro context is Bessent's G20 line: the world is 'awash in debt' and policymakers are betting on nominal growth, not austerity, to dig out.
The chart most retail watches is price; the chart that caught a trader's eye is the BTC-to-gold ratio, which is signalling while crude gives back a chunk of yesterday's geopolitical premium.