The Bitcoin to gold ratio, a key metric comparing the purchasing power of Bitcoin to gold, has hit a new all-time high (ATH) as the BTC price sets new records. Veteran futures forex trader Peter Brandt reported on Dec. 16 that the Bitcoin (BTC) to gold ratio posted a new ATH at 40 gold ounces per BTC as Bitcoin hit $106,000 for the first time, with spot gold (XAU) trading at around $2,650.
Brandt predicts the ratio will continue to grow, reaching 89 gold ounces per BTC.
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