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."
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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."