Bitcoin
Dollar High succumbed on Thursday when the largest cryptocurrency increased more than $ 111,800, a remarkable 50% gain from its April minimum about $ 75,000, but when it was measured in front of traditional value stores such as gold and silver, BTC, often called “digital gold”, it still has space to advance.
The Bitcoin-Gold ratio is 33.27 ounces, below its January peak of more than 40 oz. BTC has not reached a historical maximum against silver, although it has just violated 3,300 OZ. Level, compared to the 3,530 OZ record.
The digital gold nickname reflects the fixed supply and decentralized nature of Bitcoin, and is increasingly at the height of the name. In recent weeks, he has surpassed the actions of the United States, which remain slow during the year despite recovering from his recession induced by the April Rate Tank.
In fiduciary terms, Bitcoin is also approaching significant psychological milestones in other currencies. He currently trades around 82,500 British pounds, just a historical maximum of 88,300 pounds, already 91,500 Swiss francs, compared to an earlier peak of just under 100,000 francs. These levels hint imminent advances as Bitcoin gains greater strength.
In particular, BTC has already achieved historical maximums in relation to the main financial instruments such as Nasdaq 100 and ETF (TLT) of Bond Treasury over 20 years. Its continuous performance of bonds and technological actions underlines a broader trend. The final border remains precious metals. Overcoming the gold and silver reference points will mark a complete reversal of the monetary domain.
