After the copper-gold ratio bottomed out in 2012, BTC showed parabolic growth

After the copper-gold ratio bottomed out in 2016, BTC showed parabolic growth

After the copper-gold ratio bottomed out in 2020, BTC showed parabolic growth

The current copper-gold ratio is still bottoming out

The indicator above in the chart is the price of Bitcoin, and the indicator below is the ratio of copper price to gold price

Note:

The copper-gold price ratio (copper price divided by gold price) usually reflects the strength of economic activity

Copper prices are related to industrial demand and economic growth, while gold prices are associated with safe-haven demand and economic uncertainty

A high copper-gold ratio typically corresponds to an economic expansion period, while a low ratio corresponds to economic contraction or heightened risk aversion

In a large cycle, when the copper-gold ratio bottoms out and rebounds, it indicates an increase in market confidence in economic growth, and risk assets (such as Bitcoin) may be favored