The gold-silver ratio is about to fall below its lowest point in nearly five years, with spot silver’s gains far outpacing those of gold

2025-12-292025-12-22 by admin

BlockBeats News, December 22: According to market data, the gold/silver ratio is about to fall below its lowest point in nearly five years, currently at 60.027.

Despite gold prices continuously hitting record highs recently, silver prices have also reached new highs with even greater gains. Today, spot gold broke above $4,400 per ounce for the first time, accumulating a nearly 68% increase year-to-date, while spot silver broke above $69 per ounce for the first time, accumulating a nearly 139% increase year-to-date.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.