{"id":53549,"date":"2021-01-03T09:01:18","date_gmt":"2021-01-03T09:01:18","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=53549"},"modified":"2021-01-03T09:01:18","modified_gmt":"2021-01-03T09:01:18","slug":"btc-to-gold-exchange-rate-surges-to-new-all-time-high-of-17-ounces-per-bitcoin","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=53549","title":{"rendered":"BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin"},"content":{"rendered":"

\"BTC<\/p>\n

Bitcoin\u2019s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the digital set a new all-time of over $33k.<\/strong><\/p>\n

\"BTC<\/p>\n

The new record means it takes about 7 more ounces of gold or an equivalent of $13,855 for one to get a full BTC<\/a> now than they did on January 1, 2017. Furthermore, the data<\/a> shows that between December 1st and January 1, 2021, this exchange rate moved up by nearly 50% from 10.52 to 15.41 in favour of the digital asset. During the same period, gold remained almost static, gaining<\/a> just 4.3% from 1811.51 to $1898.60 per ounce.<\/p>\n

\"BTC<\/p>\n

From around the start of the last quarter of 2020, when Square Inc and Microstrategy kicked off<\/a> the institutional investor embrace of bitcoin, the digital asset\u2019s price has 200%. According to markets.Bitcoin.com data<\/a>, BTC<\/a> surged from $10,576 on October 1 to over $33,099 on the second day of the new year.<\/p>\n

\"BTC<\/p>\n

Meanwhile, as institutional investor interest in BTC<\/a> continues to rise, many bitcoiners and non-bitcoiners predict the current price rally to endure. For instance, Boris Schlossberg, the managing director at BK Asset Management, thinks BTC<\/a> will set more records in the future.<\/p>\n

<\/ins> <\/ins> <\/p>\n

Speaking in an interview<\/a> recently, Schlossberg, who argues that \u201cneither bitcoin nor gold has intrinsic value,\u201d says BTC<\/a> is now a more popular store of value than the precious metal because it\u2019s \u201cportable.\u201d Schlossberg predicts that BTC<\/a> value will continue to surge and he suggests it may even get to $200,000 and thereafter interest might dissipate.<\/p>\n

Do you think BTC<\/a> will continue to outperform gold? You can tell us your views in the comments section below.<\/strong><\/em><\/p>\n

The post BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n

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Bitcoin\u2019s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the […]<\/p>\n","protected":false},"author":2,"featured_media":53550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-53549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53549"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/53549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/53550"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}