- Bitcoin is approaching its historic oversold levels, signaling a potential accumulation phase.
- Gold outperforms with record levels, maintaining its role as a safe haven asset.
- Ricardo Salinas predicts that bitcoin will reach $1.5 million, which will match gold’s $30 billion market cap.
Bitcoin’s comparative performance against gold has attracted attention following technical data showing oversold levels have been observed over the past decade. According to historical analysis shared by market analyst Crypto Rover, the Bitcoin/gold (BTC/XAU) ratio shows cycle patterns that align with Bitcoin halving events, which often precede major bull markets.
The chart covering the period from 2012 to 2025 shows three distinct phases, 2013, 2017 and 2021, during which bitcoin outperformed gold. These cycles were followed by corrective phases, as observed in 2018, 2022 and mid-2024, during which gold temporarily regained strength.
The chart’s bottom indicator, a Z-Score measure, is currently showing near-historic lows, suggesting that bitcoin may be entering another accumulation phase. Analysts view these levels as early signals of a possible trend reversal, consistent with previous long-term recovery cycles seen in the BTC/XAU ratio.
Bitcoin Market Performance Reflects Short-Term Pressure
Bitcoin (BTC) was trading at $106,855 at the time of writing, posting a daily gain of 0.36% but remaining under pressure after a weekly decline of 5.40% and monthly decline of 8.23%. Despite the short-term volatility, the cryptocurrency has maintained a 25.46% rise over the past six months and a 14.51% increase since the start of the year.
Also read: BTC/XAU Chart Crashes as Gold Hits Record, Despite Billionaire Salinas’ $1.5 Million BTC Call
Year-over-year, BTC is up 58.61%, with a five-year gain of 840.66%, supported by continued institutional demand and ETF inflows earlier in 2025.
Gold maintains strong uptrend as investors seek stability
Gold (XAU) fell to $4,253.97, down 1.67% over 24 hours, after hitting a new record high of $4,380. The metal continues to outperform most asset classes in 2025, rising 62.05% year-to-date and 57.96% year-over-year.
Also read: Digital Gold vs. Real Gold: Volatile Bitcoin Rally Closes in on $3.5K+ Gold
Over the past month, gold has gained 16.24%, while its six-month performance has increased by 27.66%, reflecting continued investor demand amid global uncertainty. The five-year return of 123.97% confirms gold’s status as a key hedge during volatile economic times.
Salinas Pliego predicts that $1.5 million worth of bitcoins will match the value of gold
Adding to the market chatter, Mexican billionaire Ricardo Salinas Pliego estimated that bitcoin needs to grow 14 times to reach the same level as gold’s $30 trillion market cap. With BTC currently at $106,855, Salinas’ projection places the level target at $1.516 million per coin, a figure he believes could emerge in the next 12 months.
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