The largest cryptocurrency by market cap, Bitcoin this time hits its all-time high against the yellow metal, Gold.
In the last Bitcoin peak in December 2017, Bitcoin price equaled 15.40 ounces of gold. But this time while surpassing the $29,000 mark, it raised to 15.62 ounces of gold.
According to MarketWatch data, Here’s the BTC/AU chart.
However, we didn’t see this much hype on Bitcoin since it has started. It has reached it’s all time high in this year. It was about 300% increment within the year.
According to the BullionVault index, we can see Gold also climbed impressive highs this year. As we can see in this chart.