PANews December 16 news, according to Cointelegraph, on December 16, as Bitcoin first broke the $106,000 mark, while the trading price of spot gold (XAU) was around $2,650, the ratio reached a new ATH, with each Bitcoin exchanging for 40 ounces of gold. Veteran futures forex trader Peter Brandt emphasized the new historical record of the Bitcoin to gold ratio and is confident that this indicator will continue to grow. He stated: 'The next stop is 89 to 1 — that is, 89 ounces of gold are needed to purchase 1 Bitcoin.'
