Bitcoin: while waiting for an ATH at $100,000, BTC reaches a new high against gold

Golden fight. Yes theor has been a universal currency for centuries, the digital gold that is Bitcoin (BTC) could take over this planetary role in our modern era. While the cryptosphere impatiently awaits a new ATH (all-time high) of Bitcoin at $100,000the latter comes from break a new record against its metallic rival.

New record for Bitcoin: a single BTC is worth as much as 37 ounces of gold

Although theor is touched its own all-time high (ATH) at the end of October 2024, reaching the 2 790 dollars l’once (or approximately 31.1 grams), the precious metal has fallen a little since then. There gold ounce is in fact around $2,630 at the time of writing, November 26, 2024. Conversely, Bitcoin climbed towards him new heights since the election of Donald Trump as the 47^e president of the United States.

In recent days, the pair between Bitcoin and gold (BTC/XAU) has seen a new higher in favor of cryptocurrency. In fact, the value of a BTC in gold metal rose up to 37 onces d’or pure. Or approximately 1,15 kilo d’or pure to be worth as much as a single bitcoin. The crypto leader thus broke its record dating back to its previous bull runin November 2021.

Both gold and now Bitcoin are perceived as inflation protectionsthat is to say against the systematic depreciation of the fiat currencies of States (such as the dollar or the euro).

If for centuries gold has been considered as a store of valuethe king of crypto-assets now also seems to be purchased as such, by more and more large institutional players. A investment strategy launched, or at least popularized, by MicroStrategy, which bought back another 55,500 bitcoins this November 25, 2024. And the latest company to launch into building strategic reserves in Bitcoin is Rumblethe video sharing platform competing with YouTube.