Bitcoin to Gold All-Time High: 1 BTC = 40 ounces of gold

According to Cointelegraph, on December 16, as Bitcoin broke through the $106,000 mark for the first time, while spot gold (XAU) was trading at around $2,650, both reached a new ATH of 40 ounces of gold per Bitcoin.

Veteran futures forex trader Peter Brandt highlighted the new historical record of the Bitcoin to Gold ratio and is confident that the indicator will continue to grow. He said: "The next stop is 89 to 1 - that is, 89 ounces of gold are needed to buy 1 Bitcoin."

#Bitcoin