Bitcoin-to-Gold Ratio Hits Record High as BTC Surges Past $106K

Bitcoin-to-Gold Ratio Hits Record High as BTC Surges Past $106K

On December 16, the Bitcoin-to-gold ratio, a crucial indicator of the cryptocurrency's buying power in relation to gold, hit a new all-time high (ATH). This milestone comes after gold was trading at about $2,650 an ounce, and Bitcoin (BTC) reached a record-breaking price of over $106,000. The ratio of bitcoin to gold has reached 40:1. On the social media site X, veteran trader Peter Brandt brought attention to this development, st...

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