The ratio of how many ounces of gold one Bitcoin can buy reached a historic high of 37.3 on Monday. This indicates the increasing adoption and maturity of Bitcoin as an asset class. The ratio is calculated by dividing Bitcoin's price by the spot price of gold per ounce and serves as an indicator of investor preference between the two assets. The ratio reinforces Bitcoin's status as "digital gold" and positions it as a favored store of value over traditional gold. However, traders still tend to opt for gold during times of uncertainty. Despite this, Bitcoin's scarcity model, institutional adoption, and the increasing interest in balanced portfolios are driving its dominance as a store of value. Bitcoin's maximum supply is limited to 21 million tokens, while gold continues to be mined continuously. Although gold has a longer history and lower volatility, Bitcoin offers higher return potential despite its price volatility.



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