Amid the recent downturn of Bitcoin and the unprecedented rise in gold prices, investors are experiencing a wave of anxiety. However, Raoul Pal and Weiss Crypto have come together to remind everyone to take a step back and reassess the situation.
In light of the panic surrounding Bitcoin’s lackluster performance at the beginning of 2026, these analysts highlighted the long-term ratio between gold and Bitcoin. They contend that this recent shift is statistically minor when viewed against Bitcoin’s decade-long dominance.
The Decline of Gold
A chart presented by Pal illustrates a dramatic decline over ten years. With gold as the numerator and Bitcoin as the denominator, this downward trend signifies that gold has nearly lost all its value relative to Bitcoin.
The chart indicates a low point for this cycle at 0.0265 in 2025, which marks an unprecedented moment for Bitcoin—requiring only a minimal amount to purchase an ounce of gold.
On the far right side of this chart (2026), there is a steep upward spike representing today’s market conditions.
This current surge in gold appears negligible when placed on a long-term scale; it resembles merely a slight corrective bounce within an overarching downtrend.
“Gold Will Be Left Behind”
Weiss Crypto reinforced Pal’s argument by attributing Gold’s recent success solely to temporary weaknesses observed in Bitcoin rather than any fundamental strength within Gold itself.
“The sole reason why gold has outperformed $BTC is due to its weakest bull market ever,” stated Weiss Crypto.
Once stability returns to the cryptocurrency market, Weiss anticipates that historical trends will reassert themselves, driving ratios back downwards while leaving gold trailing behind significantly.