BTC reaches a new historical high in the gold-to-BTC ratio: 1 BTC = 40 ounces of gold

On December 16th, according to PANews, as BTC broke through the $106,000 mark for the first time, the Spot gold (XAU) trading price was about $2,650, and the ratio reached a new ATH, that is, each BTC exchanged for 40 ounces of gold. Senior futures forex trader Peter Brandt emphasized the new historical record of BTC-to-gold ratio and is confident that the indicator will continue to rise. He said: "The next stop is 89:1 - that is, 89 ounces of gold are needed to buy 1 BTC."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)