Silver versus Bitcoin: One Bitcoin can now buy 1,458 ounces of silver, the least since October 2023. This comes as the Bitcoin-to-Silver ratio has plunged -58% since the start of the year, when one Bitcoin could purchase ~3,500 ounces of silver. Since August, the ratio has more than HALVED. Over this period, Bitcoin prices have declined -27%, while silver prices have surged +53%. To put this into perspective, the ratio previously crashed -69% during the 2022 bear market, dropping from 2,250 ounces per Bitcoin to ~700 ounces. Precious metals are in a league of their own right now.(The Kobeissi Letter)