According to Cointelegraph, when Bitcoin first surpassed the $106,000 mark and spot gold (XAU) was trading at around $2,650, this ratio reached a new ATH, which is 40 ounces of gold for each Bitcoin.
Veteran forex futures trader Peter Brandt emphasized the new historical record set by the Bitcoin-gold ratio and is confident that this index will continue to rise. He said: "The next stop is 89 to 1 - meaning it takes 89 ounces of gold to buy one Bitcoin."
