Visualizing the Price of Bitcoin vs. Gold Over Time

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Bitcoin has soared to all-time highs of over $90,000, pushing the bitcoin-to-gold ratio close to record levels.

Since Trump’s election victory, bitcoin has surged amid market speculation and economic uncertainty under a pro-bitcoin administration. At the same time, gold has rallied, driven by physical purchases across both central banks and retail investors.

This graphic shows the bitcoin-to-gold ratio, which is the number of troy ounces of gold that one bitcoin can buy, calculated using gold and bitcoin price data from TradingView.

How Much Gold Does One Bitcoin Buy?

Both bitcoin and gold have surged to new all-time highs in 2024. Even if bitcoin has rallied more (119% YTD compared to gold’s 27% YTD), today’s ratio of 35.2 between the cryptocurrency and the precious metal is still below its high of 37 reached in 2021.