The BTC/Gold Ratio Is Screaming "Higher"

Watch on YouTube ↗  |  October 08, 2025 at 21:30  |  4:45  |  1000x Podcast
Speakers
Avi Felman — Principal, GoldenTree Asset Management
Jonah Van Bourg — Head of Trading, Cumberland / ex-Vitol

Summary

The clip discusses the Bitcoin-to-gold ratio as a way to separate genuine crypto adoption from dollar debasement. Avi Felman argues the ratio is at the low end of its post-2023 channel and mean reversion could push Bitcoin to $150K-$160K, or $160K-$170K+ if gold keeps rallying. Jonah Van Bourg adds that gold and silver have run up, so he is rebalancing those gains into Bitcoin.

  • BTC/gold is used to strip out dollar-debasement effects and isolate crypto adoption.
  • Post-2023 BTC/gold ratio is seen in a stable trend channel.
  • Mean reversion to the channel midpoint implies Bitcoin around $156K if gold is flat.
  • If gold continues rallying, Bitcoin could reach $160K-$170K+ by year-end.
  • Gold is framed as a new de-dollarization and diversification hedge after the Ukraine war.
  • Jonah Van Bourg is trimming gold and silver after strong gains to rebalance into Bitcoin.
Ideas
Avi Felman Principal, GoldenTree Asset Management 0:00
BTC mean-reverts higher via BTC/gold ratio.
The BTC/gold ratio is at the lower bound of its post-2023 trend channel, and mean reversion to the middle of that channel by year-end implies BTC around $156K if gold is flat. If gold continues rallying, BTC could reach $160K-$170K+ by year-end. Denominating BTC in gold strips out dollar-debasement noise and shows BTC's actual adoption, while BTC is in a stable post-FTX adoption grind higher and gold is in a new de-dollarization hedge paradigm.
BTC/Gold ratio BTC HIGH
Avi Felman Principal, GoldenTree Asset Management 1:57
Gold is new de-dollarization hedge.
Gold has shifted into a new steady-state paradigm since the Ukraine war. It is no longer just a risk-off asset but a diversification and de-dollarization hedge, and China and other countries will feel comfortable putting large balance-sheet allocations into gold because they want to reduce US-denominated securities after the US seized Russian dollars. This structurally supports gold.
GLD MED
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 4:19
Rebalance gold/silver gains into Bitcoin.
Gold and silver have run up sharply—his silver positions are up about 40% in recent months—so he is rebalancing by chipping away at gold and silver and moving those gains into the rest of his portfolio, including BTC. This creates a rebalancing flow from gold/silver back into Bitcoin.
BTC MED
Jonah Van Bourg Head of Trading, Cumberland / ex-Vitol 4:19
Rebalance gold/silver gains into Bitcoin.
Gold and silver have run up sharply—his silver positions are up about 40% in recent months—so he is rebalancing by chipping away at gold and silver and moving those gains into the rest of his portfolio, including BTC. This creates a rebalancing flow from gold/silver back into Bitcoin.
SILVER GLD MED
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This 1000x Podcast video, published October 08, 2025, features Avi Felman, Jonah Van Bourg discussing BTC/Gold ratio, BTC, GLD, SILVER. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Avi Felman, Jonah Van Bourg  · Tickers: BTC/Gold ratio, BTC, GLD, SILVER