Comparing Price Trends: Bitcoin vs Gold Visualized
Bitcoin and gold have both reached new all-time highs in 2024, with bitcoin climbing over $90,000 and the bitcoin-to-gold ratio nearing record levels. Since Trump’s election victory, bitcoin has seen a significant surge driven by market speculation, while gold has rallied due to increased physical purchases from central banks and retail investors.
As of November 11, 2024, the bitcoin-to-gold ratio stands at 35.2, with bitcoin up 119% year-to-date compared to gold’s 27% increase. Although bitcoin has outperformed gold, the current ratio is still below its peak of 37 in 2021.
Investors have been optimistic about bitcoin following Trump’s win, as he has expressed favorable views on digital assets and aims to make the U.S. a “bitcoin superpower.” This has led to increased interest in spot bitcoin ETFs, with BlackRock’s ETF alone attracting over $30 billion in net flows as of November 19.
Gold, on the other hand, reached all-time highs of $2,790 on October 30 but has since dropped about 6% due to U.S. dollar strength. However, the potential for new tariffs under a Trump administration may boost gold prices as investors seek safe-haven assets amid greater global trade uncertainty.
Overall, both bitcoin and gold continue to be attractive investment options for those looking to diversify their portfolios. To learn more about this topic, you can explore the ethereum-to-bitcoin ratio chart on the Voronoi app for additional insights.
