The $BTC /$XAUT ratio has climbed to 18.55, meaning 1 BTC now buys around 18.55 ounces of gold.
Just a month ago, that figure was roughly 15.3 ounces, marking about a 21% increase in Bitcoin’s purchasing power against gold.
The ratio has also reclaimed its 50-week moving average, putting this level firmly back on my radar.
Just a month ago, that figure was roughly 15.3 ounces, marking about a 21% increase in Bitcoin’s purchasing power against gold.
The ratio has also reclaimed its 50-week moving average, putting this level firmly back on my radar.
