QCP Capital, a digital asset trading company in Singapore, recently reported that the price ratio of Bitcoin to gold has reached an all-time high, further solidifying Bitcoin's position as 'digital gold.' Bitcoin is gradually becoming a more favored store of value compared to traditional gold. 🌟

However, during uncertain market periods, traders still tend to prefer gold over Bitcoin. This trend is partly due to the approval of the Bitcoin ETF in the U.S. earlier this year, which has increased the correlation of Bitcoin with traditional markets. 📈

According to data, the global assets under management for Bitcoin ETFs currently amount to $119 billion, while the total assets for gold ETFs are $290 billion, roughly double that of Bitcoin ETFs. 💰