The ratio of the flagship cryptocurrency to gold, which shows how many ounces of the precious metal can be purchased for one bitcoin, has reached an all-time high. This metric is calculated by dividing the price of BTC by the spot price of an ounce of gold.

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After Bitcoin surpassed the $107,000 mark, this ratio reached a record level of 37.3, meaning that one coin can buy about 37 ounces of gold.

The BTC/Gold ratio has reached a record level, reinforcing Bitcoin's status as 'digital gold' and solidifying its position as an increasingly preferred store of value compared to traditional gold, analysts from Singapore's QCP Capital stated.

According to experts, MicroStrategy's inclusion in the Nasdaq 100 index further bolstered optimistic sentiment in the cryptocurrency market. Moreover, the company's founder, Michael Saylor, stated that he would continue to buy Bitcoin, despite the asset's price exceeding $100,000.

This sequence of MicroStrategy has inspired other companies to invest in Bitcoin.