A rare and historically significant signal has emerged from the trends of gold and silver, interpreted through the lens of the Mayer Multiple, suggesting a potential major rally for Bitcoin. As of October 28, 2025, a specific confluence of factors indicates that the digital asset may be on the cusp of a significant upward movement, challenging traditional notions of safe-haven assets and reshaping investment portfolios. This unique cross-asset analysis points to Bitcoin being undervalued relative to its precious metal counterparts, setting the stage for what many analysts believe will be its next explosive growth phase.
This phenomenon is characterized by the Bitcoin-to-Gold (BTC/Gold) and Bitcoin-to-Silver (BTC/Silver) Mayer Multiples falling to critical levels, close to or below 1. Historically, such low readings have coincided with Bitcoin market bottoms and have been followed by substantial price rebounds. The immediate implication is largely bullish for Bitcoin's future, with analysts anticipating a significant rally that could see it regain and potentially surpass the performance of gold and silver, driven by aligning macroeconomic conditions and growing institutional interest.
The Unveiling of a Rare Cross-Asset Signal
The Mayer Multiple, a widely used Bitcoin valuation metric developed by Trace Mayer, typically compares Bitcoin's current price to its 200-day simple moving average (200-day SMA) to assess whether it is overbought or undervalued. However, the rare signal currently captivating financial markets stems from applying this metric to the ratios of Bitcoin to gold and Bitcoin to silver. When these cross-asset Mayer Multiples approach or drop below 1, it implies that Bitcoin's price, relative to these precious metals, is significantly undervalued compared to its own long-term trend against them.
This specific signal has been observed only during significant Bitcoin crash periods in the past, consistently preceding major price rebounds. The underlying dynamic leading to this signal in 2025 is the robust performance of gold and silver, which have significantly outpaced Bitcoin in relative terms. Gold has seen a nearly 50% gain year-to-date (YTD), reaching an all-time high of $4,379.13 per ounce on October 17, 2025, and currently trading around $3,962.34 per troy ounce. Silver has been even more impressive, surging 63% YTD, hitting an all-time high of $54.47 per ounce on the same date, and now priced at approximately $47.16 per troy ounce. In contrast, Bitcoin's YTD gain in 2025 stands at 21%, despite reaching its own all-time high of $126,272 USD on October 5, 2025, and currently trading around $114,182.8.
Several key analysts and market commentators have drawn attention to this developing trend. Alpine (@Alpine1031), an X (formerly Twitter) user and trader, explicitly highlighted the BTC/Gold Mayer Multiple's current low levels as a strong bullish indicator. CryptoQuant contributor Axel Adler Jr. and others like Rekt Capital, Jelle, and CryptoCon have also pointed to October 2025 as a potential catalyst for the next Bitcoin bull market, aligning with historical halving cycles and the current undervalued state. Lark Davis, known as The Crypto Lark, noted a typical 90-day lag between significant gold moves and subsequent Bitcoin moves, suggesting Bitcoin is "brewing up for a major move" in the coming weeks. The initial market reaction is one of heightened anticipation, with a prevailing bullish sentiment that Bitcoin is poised to capitalize on its relative undervaluation against traditional safe havens.
Companies Poised for Gains or Facing Shifts
The anticipated Bitcoin rally, signaled by these unique cross-asset Mayer Multiples, is set to create distinct winners and losers across the financial landscape, particularly impacting companies with direct or indirect exposure to digital assets and precious metals.
Bitcoin mining companies are direct beneficiaries of a rising Bitcoin price. Riot Platforms (NASDAQ: RIOT) has seen its stock performance amplify Bitcoin's movements, with a 104.8% YTD gain. The company's strategic pivot into AI and High-Performance Computing (HPC) further diversifies its revenue. Similarly, Marathon Digital Holdings (NASDAQ: MARA) and CleanSpark (NASDAQ: CLSK) are well-positioned, with MARA shares up 19.6% in the past month and CLSK surging 112% YTD, both also expanding into AI data centers. Crypto exchanges like Coinbase Global (NASDAQ: COIN) thrive on increased trading volume and user activity during rallies, with Coinbase stock climbing 43.77% this year. Companies with significant Bitcoin holdings, such as MicroStrategy (NASDAQ: MSTR), which holds 640,808 BTC, will see the value of their digital assets soar, directly impacting their stock performance.
Traditional finance firms with exposure to Bitcoin via spot ETFs are also set to benefit. BlackRock's (NYSE: IBIT) iShares Bitcoin Trust (IBIT) has rapidly accumulated $89.17 billion in Assets Under Management (AUM), and Fidelity's (NASDAQ: FBTC) Wise Origin Bitcoin Fund holds approximately $15 billion in AUM, both benefiting from increased capital inflows. Galaxy Digital (TSX: GLXY), a crypto-focused financial services firm, has seen its stock surge 64% YTD, driven by record profits and expansion into AI/HPC. Conversely, gold and silver mining companies, while not necessarily "losers" in an absolute sense, may experience relative underperformance as capital rotates out of traditional safe havens into "digital gold." This shift could lead to subdued demand for physical precious metals, impacting the stock performance of miners. Additionally, older structures like Grayscale Bitcoin Trust (NYSE: GBTC) continue to face significant outflows as investors migrate to more cost-effective spot Bitcoin ETFs, potentially losing market share even during a rally.
A Broader Paradigm Shift in Global Finance
The rare signal from gold and silver trends, interpreted through Mayer Multiple analysis, signifies more than just a potential Bitcoin price surge; it points to a profound paradigm shift in global finance. This event fits into broader industry trends of increasing institutional adoption of digital assets, the strengthening "digital gold" narrative for Bitcoin, and a significant "great rotation" of capital away from traditional safe havens. Gold experienced its steepest single-day drop since 2013 (around 6%), and silver plunged about 9%—its sharpest fall since 2021—concurrently with Bitcoin's robust ascent in mid-October 2025, underscoring this shift.
Potential ripple effects are far-reaching. Traditional financial institutions that have been slow to embrace digital assets may face increasing pressure and lose market share to more agile fintech and crypto-native platforms. Conversely, cross-sector collaborations between traditional finance and crypto firms are expected to accelerate, fostering innovation and bridging the gap between legacy and digital finance. The burgeoning trend of Real-World Asset (RWA) tokenization is also poised to reshape how traditional assets are owned and traded, further integrating blockchain technology into mainstream finance.
From a regulatory perspective, increased Bitcoin prominence is accelerating the global drive towards comprehensive regulatory frameworks. The European Union's Markets in Crypto-Assets (MiCA) framework continues to serve as a global blueprint, while the United States' GENIUS Act for stablecoins, enacted in July 2025, defines stringent 1:1 reserve backing. Policymakers are intensifying efforts in consumer protection, market integrity, anti-money laundering (AML) measures, and systemic risk management. Historically, this capital rotation echoes past market cycles where Bitcoin subsequently soared to outperform precious metals, and Bitwise CIO Matt Hougan has even compared Bitcoin's potential path to gold's rally after sustained central bank accumulation, signaling a "gold 2025" moment for Bitcoin. JPMorgan's Asset Correlation Report highlights a dramatic shift in gold's 30-day correlation with Bitcoin, moving from negative to positive, suggesting these assets are increasingly seen as direct competitors.
Navigating the Road Ahead: Short-Term Gains and Long-Term Evolution
Looking ahead, the rare signal from gold and silver trends, amplified by Mayer Multiple analysis, paints a compelling picture for Bitcoin's future. In the short-term (Q4 2025 - Q1 2026), Bitcoin is poised for continued upward momentum. Analysts predict Bitcoin could target $125,000 to $130,000 by year-end 2025, with a decisive break above $115,000-$120,000 potentially triggering a rally towards $125,000 by the end of October. ETF inflows and anticipated interest rate cuts by the US Federal Reserve are expected to create a "risk-on" environment, favoring cryptocurrencies. However, short-term volatility remains a factor, with potential dips towards $100,000-$95,000 if key support levels fail.
The long-term outlook (2026 and beyond) for Bitcoin remains robust. Forecasts suggest Bitcoin could trade between $99,910 and $200,000 in 2026, with some optimistic projections reaching $250,000 to $1 million by 2030, driven by increasing scarcity from halving cycles and growing global adoption. Strategic pivots for investors include considering Bitcoin for portfolio diversification, employing robust risk management techniques, and utilizing regulated Exchange-Traded Products (ETPs) for easier access. Companies are adapting through innovative treasury management strategies (e.g., debt-free Bitcoin accumulation) and integrating Web3 applications. Emerging opportunities lie in regions like Latin America, which is rapidly becoming the fastest-growing crypto market, and in the accelerating tokenization of Real-World Assets (RWAs). Challenges include persistent regulatory uncertainty in some jurisdictions and the inherent market volatility of cryptocurrencies. Potential bullish scenarios include a continued rally to new all-time highs driven by massive institutional adoption and a dovish Fed, while bearish scenarios involve a potential correction to $70,000-$80,000 by late 2026 if hawkish Fed policies or macroeconomic shocks occur.
A Defining Moment for Digital Gold
The rare signal emanating from gold and silver trends, interpreted through the Mayer Multiple, marks a defining moment in the evolution of financial markets. The key takeaway is Bitcoin's emerging status as an undervalued asset relative to traditional safe havens, poised for a significant rally. This phenomenon underscores a "Great Rotation" of capital, where investors are increasingly re-evaluating Bitcoin as a primary store of value and a hedge against inflation in the digital age, challenging the long-held dominance of gold and silver.
Moving forward, the market is set for a period of dynamic shifts. For cryptocurrency markets, a strong bullish outlook for Bitcoin is anticipated, potentially extending into early 2026, with a likely "altcoin season" to follow. Traditional financial markets, particularly precious metals, may experience short-term corrections but retain long-term fundamental strength, though their role as ultimate safe havens is being redefined. The lasting impact of this signal will be a recalibration of investment portfolios, with Bitcoin solidifying its permanent place alongside, or even at the expense of, traditional hedges. This is not merely a short-term trading indicator but a reflection of deeper structural changes in global finance, driven by technological adoption, evolving monetary policies, and shifting investor confidence.
Investors should closely monitor several key indicators in the coming months. Bitcoin's price action relative to its 200-day and 50-day Exponential Moving Averages (EMAs) will be crucial, with a sustained break above $115,000 reinforcing bullish momentum. Continued strong institutional inflows into Bitcoin ETFs and favorable regulatory developments will also be vital. Furthermore, observing the performance of gold and silver as they navigate their correctional phases will offer insights into broader market sentiment. Lastly, keeping a keen eye on macroeconomic indicators, particularly central bank interest rate policies, and tracking the Mayer Multiple levels for both Bitcoin and the BTC/Gold and BTC/Silver ratios, will provide essential guidance in this rapidly evolving financial landscape.
This content is intended for informational purposes only and is not financial advice
