Bitcoin price to gold ratio hits record high of 37.3

this week, as institutional investors continue to pour into Bitcoin before the end of the year, the breakthrough in the price of this cryptocurrency has pushed its ratio with gold to a record level. This ratio measures how many ounces of gold can be purchased with one Bitcoin, calculated by dividing the price of Bitcoin by the spot price of gold, and is commonly used to compare the relative strength of the two assets and measure investor preferences. On Monday, the ratio reached an unprecedented 37.3, meaning that one Bitcoin can now buy approximately 37 ounces of gold, setting a new historical high. Compared to the peak of the previous bull market in November 2021, when the ratio was 36.7, the current ratio is about half a percentage point higher. (Jinse Finance)