The Bitcoin-to-Gold Ratio rose to 37.3 on Monday, a record high, meaning one BTC can now buy about 37 ounces of gold. The indicator is often used to compare the relative strength and investor preference between two assets. Compared with 36.7 during the peak of the last cryptocurrency bull run in November 2021, the indicator is now about half a percentage point higher.
Sidney Powell, CEO and co-founder of Maple Finance, an institutional capital market, said: "The new high shows the continued adoption and maturity of Bitcoin as an asset class. We expect this ratio to continue to grow, driven by ETF inflows, which history shows will continue to increase and Bitcoin is increasingly seen as a major component of a balanced portfolio." (Decrypt)