Bitcoin is approaching the level where one coin can buy 20 ounces of gold, with the BTC-to-gold ratio currently at 19.8. According to ChainCatcher, this means one bitcoin can purchase 19.8 ounces of gold, up from a February low of 12 ounces but still well below its all-time high of just over 40 ounces.

The BTC-to-gold ratio is down only 1% year to date.