If you think that the Bitcoin/gold ratio has bottomed, with a 70% drawdown this cycle vs 76% in 2022.

Then we aren't in May/June 2022, as that ratio bottomed in November 2022.
To me, it looks more like February 2019.

BTC0.32%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.