The Bitcoin to gold ratio has reached an all-time high: 1 BTC = 40 ounces of gold
ChainCatcher news, according to Cointelegraph, as Bitcoin first breaks through the $106,000 mark, while the trading price of spot gold (XAU) is around $2,650, the ratio reaches a new ATH, which is 40 ounces of gold for each Bitcoin.
Veteran futures forex trader Peter Brandt emphasized the new historical record of the Bitcoin to gold ratio and is confident that this indicator will continue to grow. He stated, "The next stop is 89 to 1------which means it takes 89 ounces of gold to buy 1 Bitcoin."
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