Odaily星球日报讯 新加坡数字资产交易公司 QCP Capital 在周一的报告中写道，比特币与黄金的价格比率创新高，进一步巩固了比特币作为“数字黄金”的地位，逐渐将其定位为“相较于传统黄金，越来越更受到青睐的价值储藏手段”。 尽管如此，交易员们在不确定时期依然更倾向于选择黄金，而不是比特币。比特币在某种程度上逐渐变得更加与传统市场相关，这部分归因于美国比特币 ETF 在今年 1 月获得批准。根据 Coinglass 的数据，全球比特币 ETF 的管理资产已达到 1190 亿美元。根据世界黄金协会的数据，截至 2024 年 11 月，黄金 ETF 的资产总额为 2900 亿美元，约为比特币 ETF 资产的一倍。（Decrypt）

Odaily星球日报讯 新加坡数字资产交易公司 QCP Capital 在周一的报告中写道，比特币与黄金的价格比率创新高，进一步巩固了比特币作为“数字黄金”的地位，逐渐将其定位为“相较于传统黄金，越来越更受到青睐的价值储藏手段”。尽管如此，交易员们在不确定时期依然更倾向于选择黄金，而不是比特币。比特币在某种程度上逐渐变得更加与传统市场相关，这部分归因于美国比特币 ETF 在今年 1 月获得批准。根据 Coinglass 的数据，全球比特币 ETF 的管理资产已达到 1190 亿美元。根据世界黄金协会的数据，截至 2024 年 11 月，黄金 ETF 的资产总额为 2900 亿美元，约为比特币 ETF 资产的一倍。（Decrypt）

QCP Capital：比特币已成为更受青睐的价值储藏手段

Odaily reported that the price ratio between Bitcoin and gold has reached a new high, further consolidating Bitcoin's position as "digital gold" and positioning it as an increasingly preferred means of value storage compared to traditional gold. However, traders still tend to choose gold over Bitcoin during uncertain periods. Bitcoin has become more correlated with traditional markets to some extent, partly due to the approval of a Bitcoin ETF in the US in January this year. According to Coinglass data, the total assets under management of global Bitcoin ETFs have reached $119 billion. According to World Gold Council data, as of November 2024, the total assets of gold ETFs were $290 billion, about twice the assets of Bitcoin ETFs.

Odaily reports that the price ratio between Bitcoin and gold has reached a new high, further consolidating Bitcoin's position as "digital gold" and positioning it as an increasingly preferred means of value storage compared to traditional gold. However, traders still tend to choose gold over Bitcoin during uncertain periods. Bitcoin has become more correlated with traditional markets to some extent, partly due to the approval of a Bitcoin ETF in the US in January this year. According to Coinglass data, the total assets under management of global Bitcoin ETFs have reached $119 billion. According to World Gold Council data, as of November 2024, the total assets of gold ETFs were $290 billion, about twice the assets of Bitcoin ETFs. (Decrypt)

QCP Capital: Bitcoin has become a more popular store of value

Odaily reports that Bitcoin broke through $106,500 during Asian trading hours. Over the past 12 hours, around $151 million in short positions were liquidated, driving this rally. The market squeezed the shorts in a low-liquidity and lethargic weekend (Deribit's funding rate turned negative at one point), accelerating the rise in Bitcoin's price. During this period, the Bitcoin/Gold ratio hit a new all-time high, further strengthening Bitcoin's position as "digital gold" and consolidating its role as a more preferred value storage tool compared to traditional gold. MicroStrategy's inclusion in the Nasdaq 100 index also added momentum to market sentiment. Michael Saylor hinted that the company plans to continue buying Bitcoin even if the spot price exceeds $100,000. This inclusion may trigger passive fund inflows into MicroStrategy's stock, making it easier for the company to raise funds to purchase Bitcoin. This week's central bank meetings seem to be just background noise for the crypto market, as Bitcoin is still entirely driven by market sentiment. Although the possibility is extremely low, if the Fed and Powell take an extremely dovish stance, it could still provide further upside momentum for Bitcoin.

QCP: Michael Saylor hints at increasing BTC holdings at prices above $100,000, Bitcoin/Gold ratio hits record high

Odaily reported that the Bitcoin-to-Gold Ratio rose to 37.3 on Monday, setting a new all-time high, meaning that one BTC can now buy about 37 ounces of gold. This indicator is often used to compare the relative strength and investor preference between the two assets. Compared to 36.7 during the last cryptocurrency bull market peak in November 2021, the current indicator is about half a percentage point higher. Maple Finance CEO and co-founder Sidney Powell said, "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."

Bitcoin-Gold Ratio Hits All-Time High

Odaily reported that Matthew Sigel, Head of Digital Asset Research at VanEck, stated in the Coin Stories podcast that Bitcoin's price could reach $180,000 by 2025, and pointed out that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this forecast. Sigel said that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that the adoption of Bitcoin by enterprises still has a long way to go. He said that many traditional asset management companies (such as Morgan Stanley and Merrill Lynch) owned by banks and brokers are progressing slowly in incorporating BTC into their financial strategies. They are constrained by the strict regulatory structure and their dependence on traditional asset allocation models (such as the 60-40 investment portfolio), and have not yet adjusted to accommodate BTC ETFs. Sigel also noted that this indicates that about 80% of BTC ETF holders are either retail or high-net-worth investors, who are either diversifying from self-custody or expanding their existing positions. He added that institutional asset management companies have not yet entered this field in a big way.