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The Bitcoin-to-silver ratio nearing levels last seen during the FTX capitulation is striking. Personally, I think it reflects how relative value comparisons reveal market stress. What surprises me is the historical echo of past crises. For me, the most important aspect is perspective—ratios help investors see beyond price alone. I believe this metric will spark debate about Bitcoin’s role as digital gold. In the end, comparisons remind us that crypto is part of a larger financial story.