The Bitcoin to gold ratio has reached a historic high, with one Bitcoin being able to be exchanged for 37.3 ounces of gold

2024-12-17 11:37:09

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ChainCatcher news, according to Decrypt, the Bitcoin-to-gold ratio broke its historical high on December 17, reaching 37.3 (calculated by dividing the Bitcoin price by the spot price of gold per ounce), surpassing the previous high of 36.7 set during the bull market in November 2021. QCP Capital pointed out that the rise in this ratio highlights that Bitcoin is gradually surpassing traditional gold, becoming a favored store of value for investors.

Data shows that the global Bitcoin ETF assets under management have reached $119 billion, approximately 41% of the size of gold ETFs ($290 billion). Maple Finance CEO Sidney Powell stated that as ETF funds continue to flow in and Bitcoin gradually becomes a standard in balanced investment portfolios, this ratio is expected to rise further.

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