• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Gold-to-Bitcoin Ratio: Potential Changes Ahead

user avatar

by Giorgi Kostiuk

a year ago

Yesterday, Bitcoin dropped by approximately 6.37%. Bloomberg analysts predict a potential shift in the gold-to-Bitcoin ratio, which could affect the market.

Gold-to-Bitcoin Ratio Could Drop

A drop in the gold-to-BTC ratio indicates that the price of gold has decreased compared to the price of Bitcoin. In early March 2024, the ratio was very close to its current level. In September 2024, it peaked at 0.047.

A post by Mike McGlone, senior commodity strategist at Bloomberg Intelligence, suggests that there is a chance of the gold-to-Bitcoin ratio declining in the coming days.Mike McGlone

Bitcoin May Gain Strength Over Gold

McGlone’s post suggests that Bitcoin could become more valuable than gold in the coming days. The analyst states that if the US stock market falls, it may affect both gold and Bitcoin.

Conclusion and Possible Implications

Bloomberg’s analysis indicates that Bitcoin may gain more value compared to gold, especially if the US stock market continues to decline. Recent shifts in the gold-to-BTC ratio highlight Bitcoin's potential strength.

With the current market changes, Bitcoin might strengthen its position against gold, making the market situation particularly interesting to watch further.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Gemini's Zcash Credit Card Promotes Financial Privacy

chest

Gemini's newly launched Zcash credit card enhances financial privacy while ensuring compliance with regulatory standards.

user avatarKaterina Papadopoulou

Gemini Launches Zcash Credit Card Offering Crypto Rewards

chest

Gemini has launched a Zcash-themed credit card that offers cryptocurrency rewards on purchases.

user avatarTomas Novak

BNB ETP Listing Enhances Market Stability and Investor Access

chest

The recent listing of the BNB ETP on Nasdaq Stockholm enhances price discovery and market stability for BNB, providing a compliant investment option for Swedish pension funds and retail investors.

user avatarLeo van der Veen

Virtune BNB ETP Achieves Landmark Listing on Nasdaq Stockholm

chest

Virtune has successfully listed a BNB-based Exchange-Traded Product on Nasdaq Stockholm, providing Nordic investors with regulated access to the BNB cryptocurrency.

user avatarMaya Lundqvist

Corporations Rally to Support Trump Accounts for Children's Wealth Building

chest

Major corporations, including JPMorgan Chase and Bank of America, pledge to match federal contributions to the Trump Accounts program, promoting early wealth building for children.

user avatarLi Weicheng

Microsoft Reports Strong Q2 Earnings Despite Stock Dip

chest

Microsoft achieved $813 billion in revenue for Q2 2025, surpassing estimates, but stock fell due to slower cloud growth.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.