Bitcoin has reached a new all-time high, surpassing $106K.
A New Milestone for Bitcoin
Bitcoin has crossed a significant milestone by reaching $106K. This has stimulated investor interest, and the Fear and Greed Index at 81 indicates extreme greed in the market.
Bitcoin vs. Gold: A Comparison
With this surge, Bitcoin has surpassed gold in key metrics. The Bitcoin-gold ratio, which is the price of Bitcoin divided by the spot price of gold, increased by 40 ounces. A recent report shows that an ounce of gold is $2,664, and market observers suggest that the next target could be 89 ounces of gold.
MicroStrategy's Future Plans
Following Bitcoin's new achievement, MicroStrategy's founder Michael Saylor hinted at another purchase. Since 2020, Saylor has been actively acquiring Bitcoin and has amassed nearly 423,650 Bitcoins, valued at $25.6 billion. Just last week, he bought about 21,550 Bitcoins for $2.1 billion.
As Bitcoin reaches new heights, it continues to garner investor attention and might further sustain its growth momentum.
