The Bitcoin to gold ratio hits a historical high: 1 BTC = 40 ounces of gold
According to Cointelegraph, as Bitcoin broke through the $106,000 mark for the first time and spot gold (XAU) traded at about $2,650, this ratio reached a new ATH, that is 40 ounces of gold per Bitcoin.
Veteran futures forex trader Peter Brandt emphasized the new historical record set by the Bitcoin-to-gold ratio and is confident that this indicator will continue to grow. He said: "The next stop is 89 to 1 - that is, it takes 89 ounces of gold to buy one Bitcoin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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