The Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16.
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 (BTC) 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.
