Bitcoin-Gold Ratio Hits All-Time High
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Odaily reports that the Bitcoin-to-Gold Ratio rose to 37.3 on Monday, setting a new all-time high, meaning that one BTC can now purchase around 37 ounces of gold. This metric is often used to compare the relative strength and investor preference between the two assets. Compared to the 36.7 level during the previous cryptocurrency bull market peak in November 2021, the current indicator is about half a percentage point higher. Sidney Powell, CEO and co-founder of institutional capital market Maple Finance, stated that "the new high indicates the continued adoption and maturity of Bitcoin as an asset class. We expect this ratio to continue to grow, driven by ETF inflows, as history has shown that ETF inflows will continue to increase, and Bitcoin is increasingly seen as a key component in balancing investment portfolios."
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