Here is the interpretation of the Bitcoin to Gold ratio chart I just posted:

The ratio in the chart I just posted divides the price of Bitcoin by the price of Gold and represents the number of ounces of gold it takes to buy a single bitcoin. When the ratio rises, bitcoin is outperforming gold - and when it falls, gold is outperforming bitcoin. The chart's yAxis is logarithmic for better visualization and to cope with bitcoin's parabolic advances over time.

Bitcoin was launched in 2009 by Satoshi Nakamoto who's true identity remains unknown. According to Satoshi's whitepaper, bitcoin promises to be the first purely peer-to-peer version of electronic cash without having to rely on any financial intermediary. Like gold, there is a limited amount of bitcoin. Programmed in the source code, there are a limit of 21 million tokens as well as halving events, which reduce the supply of bitcoin by 50% - ensuring that the final bitcoin won't be issued until about the year 2140. Through an innovative incentive structure, so called "miners" compete in solving a math problem and get rewarded in bitcoin - securing the network and verifying transactions in the process.

Bitcoin and gold are frequently compared as investment assets. Gold has a longstanding reputation as a dependable store of value, often utilized as a hedge against inflation and economic uncertainty. Bitcoin, on the other hand, has emerged as a digital store of value in recent years, garnering attention for its limited supply and decentralized nature. While gold offers stability and tangibility, bitcoin provides advantages such as divisibility, portability, and transparency through its digital infrastructure. Both bitcoin and gold are commonly viewed as means to diversify a portfolio and hedge against inflation resulting from fiat currency debasement.