Bitcoin’s Historic Discount to Gold Signals 2026 Potential

[johnblockbuster]

While crypto builders focused on fundamentals, markets delivered a striking macro signal: Bitcoin slipped into its deepest historical undervaluation versus gold. The BTC/XAU Z-score fell below −2, a rare level that has historically coincided with major Bitcoin bottoms and subsequent periods of strong outperformance.

Past cycles show that Bitcoin’s largest rallies often follow extended gold bull markets, sometimes with a lag of months or more. With gold already at record highs, analysts argue that Bitcoin could be positioned for significant upside in 2026—potentially echoing earlier cycles where BTC dramatically outpaced traditional stores of value.

[madmax]

if history rhymes at all, 2026 could get spicy after everyone already gave up