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Bitcoin to gold ratio posts new record as BTC sets new high
The Bitcoin to gold ratio, one of the key metrics offering the purchasing power of Bitcoin relative to gold, has hit a new all-time high (ATH) as the BTC price breaks new records.
Veteran futures forex trader Peter Brandt took to X on Dec. 16 to report that the Bitcoin
to gold ratio has posted a new ATH.
The Bitcoin to gold ratio is a metric that divides the price of Bitcoin by the cost of spot gold and represents the number of ounces of gold it takes to buy 1 BTC.
On Dec. 16, the ratio hit a new ATH at 40 gold ounces per BTC as Bitcoin peaked above $106,000 for the first time, with spot gold (XAU) trading at around $2,650