Bitcoin-to-gold strength improved again on Friday, according to a post on X from Miller Cole, a research and content analyst at bitcoin treasury company The Smarter Web Company. Cole said the latest move in bitcoin price pushed the BTC/XAU ratio back above its 50-week moving average, which he described as a bullish signal.
He added that 1 BTC currently buys about 18.55 ounces of gold, up from roughly 15.3 ounces a month ago. Based on that ratio, bitcoin has gained purchasing power against gold over the past month.
Cole also said he expects the BTC/XAU ratio to set a new high during the current cycle. The comments were presented as his market view on X and were cited by Odaily in a newsflash update published on Sept. 19, 2026.
Bitcoin’s price action on Friday pushed the BTC/XAU ratio back above its 50-week moving average, according to Miller Cole, a research and content analyst at bitcoin treasury company The Smarter Web Company.
In a post on X, Cole said the move was a bullish signal. He added that 1 BTC currently equals about 18.55 ounces of gold, compared with about 15.3 ounces one month ago.
Cole also said he expects the BTC/XAU ratio to reach a new high in the current cycle.
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