**Bitcoin Hits New Highs Against Gold**

- The Bitcoin to gold ratio has reached a new all-time high as Bitcoin's price soars past $106,000. This ratio, which measures how much gold is needed to buy one Bitcoin, hit 40 ounces per BTC.

- Veteran trader Peter Brandt predicts this ratio could climb to 89 ounces per BTC, reflecting Bitcoin's growing purchasing power relative to gold.

- As Bitcoin's market cap stands at $2.1 trillion, there's significant room for growth compared to gold's $15 trillion market.

- Meanwhile, Bitcoin mining difficulty has also reached a record high, indicating increasing challenges in mining new coins.