• 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

9 months 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

Georgia's Ongoing Blockchain Initiatives

chest

Georgia has a history of blockchain adoption in government, including previous agreements for property transaction verification and ongoing projects.

user avatarLucas Weissmann

Georgia Signs MoU with Hedera for Blockchain Land Registry

chest

Georgia's Ministry of Justice has signed a memorandum of understanding with Hedera to explore blockchain integration for land registry and real estate tokenization.

user avatarEmily Carter

Atlas Launches Support for Stablecoin Accounts, Enhancing Cryptonative Banking

chest

Atlas has launched support for stablecoin accounts, enhancing cryptonative banking for businesses and private wealth clients globally.

user avatarFilippo Romano

Navigating Regulatory Challenges in Global Expansion

chest

The financial group is recognizing the need for strategic adjustments to navigate regulatory challenges in different jurisdictions.

user avatarTomas Novak

Stakeholder Reactions to Strategy Changes

chest

Stakeholders have shown mixed reactions to the proposed changes in the financial group's expansion strategy.

user avatarKaterina Papadopoulou

AMM Activity on XRP Ledger Signals Strong Interest in Liquidity Tools

chest

A sharp increase in AMM bids on the XRP Ledger indicates growing interest in automated market maker features.

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.