CoinVoice has recently learned that, according to Decrypt, the Bitcoin-to-gold ratio broke its historical high on December 17, reaching 37.3 (calculated by dividing the Bitcoin price by the spot price of gold per ounce), surpassing the previous high of 36.7 set during the bullish market in November 2021. QCP Capital pointed out that the rise in this ratio highlights that Bitcoin is gradually surpassing traditional gold and becoming a favored store of value among investors.
Data shows that the global Bitcoin ETF assets under management have reached $119 billion, approximately 41% of the size of gold ETFs ($290 billion). Maple Finance CEO Sidney Powell stated that with continuous inflow of ETF funds and Bitcoin gradually becoming a standard in balanced investment portfolios, this ratio is expected to rise further. [Original link]
