{"id":138069,"date":"2024-12-17T15:04:58","date_gmt":"2024-12-17T08:04:58","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=138069"},"modified":"2024-12-17T15:04:58","modified_gmt":"2024-12-17T08:04:58","slug":"bitcoin-to-gold-ratio-hits-historic-peak-as-year-end-rally-soars","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=138069","title":{"rendered":"Bitcoin-to-Gold Ratio Hits Historic Peak as Year-End Rally Soars"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Bitcoin\u2019s break to new heights this week has nudged its ratio against gold to record levels as institutions continue to pile into the digital asset toward the end of the year.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The ratio, which measures how many ounces of gold one Bitcoin can buy, reached unprecedented levels Monday, rising to 37.3, which means one Bitcoin can now buy roughly 37 ounces of gold\u2014a new historic high. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The reading is now roughly half a point higher compared to that witnessed during the height of crypto\u2019s previous bull run in November 2021 at 36.7.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">&#8220;Hitting a new high signals the continued adoption and maturation of Bitcoin as an asset class,&#8221; Sidney Powell, CEO and co-founder of institutional capital marketplace Maple Finance, told <i>Decrypt<\/i>. &#8220;We expect to see the ratio catch up based on the tailwinds of ETF inflows, which history shows increase over time, and bitcoin increasingly being viewed as a staple part of balanced portfolios.&#8221;<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Calculated by dividing Bitcoin&#8217;s price by the spot price of gold per ounce, i<\/span><span style=\"font-weight:400\">t typically serves as an indicator for comparing the relative strength and investor preference between the two assets. <\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The ratio reinforces Bitcoin&#8217;s status as digital gold, positioning it as an &#8220;increasingly favored store of value over traditional gold,&#8221; Singapore-based digital asset trading firm QCP Capital wrote in a <a href=\"https:\/\/www.qcpgroup.com\/insights\/asia-colour-64\/\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">note<\/a> on Monday.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Still, traders continue to opt for gold during times of uncertainty over Bitcoin, which has become more correlated to traditional markets, thanks partly to the approval of U.S. Bitcoin exchange-traded funds in January.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Global Bitcoin ETF assets under management have reached $119 billion, data from Coinglass <\/span><a href=\"https:\/\/www.coinglass.com\/bitcoin-etf\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">shows<\/span><\/a><span style=\"font-weight:400\">. This is less than half of gold-backed ETFs&#8217; $290 billion as of November 2024, according to <\/span><a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-etfs-holdings-and-flows\/2024\/12\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">data<\/span><\/a><span style=\"font-weight:400\"> from the World Gold Council.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Bitcoin&#8217;s code limits its maximum supply to 21 million tokens and includes halving events that periodically reduce new supply by 50%, ensuring the final Bitcoin won&#8217;t be minted until approximately 2140.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Its programmed scarcity contrasts with gold&#8217;s continuous mining production, though both assets are frequently compared as stores of value due to their limited supply characteristics.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">In any case, while gold maintains lower volatility\u2014around 20% annually\u2014and benefits from its 3,500-year history as a traded asset, Bitcoin offers higher return potential despite more significant price swings, with volatility near 50%.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Edited by <a href=\"https:\/\/decrypt.co\/author\/sebastian\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">Sebastian Sinclair<\/a><\/i><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/297010\/bitcoin-to-gold-ratio-hits-historic-peak-as-year-end-rally-soars\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s break to new heights this week has nudged its ratio against gold to record levels as institutions continue to pile into the digital asset toward the end of the &hellip; 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