One full bitcoin now buys a little more than 18 ounces of gold, the most since January
5 Articles
5 Articles
One bitcoin is now worth 18.17 ounces of gold, the highest since January. Both assets are rising, but bitcoin has risen faster since concerns about large government debt grew. For investors, choosing between them is primarily about risk and what role they should fill in a portfolio. The bitcoin-to-gold ratio measures bitcoin's dollar price against the price of gold per ounce. According to CoinDesk, citing TradingView data, the ratio has climbed …
Bitcoin has again surpassed gold in relative terms: a BTC now allows buying over 18 ounces of precious metal, while both assets advance driven by concerns about government indebtedness and the future value of fiduciary currencies. The Bitcoin-gold ratio reached 18.17, its highest level since January, according to TradingView data. The metric compares the price of a Bitcoin with the value of a gold ounce and allows us to observe the relative perf…
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