Bitcoin also broke a record in gold parity!

Bitcoin (BTC), which broke a record by exceeding 50 thousand dollars, also reached an all-time high in gold.

Market commentator Holger Zschaepitz To the data shared on February 17 one ounce of gold can now only buy 0.0349 BTC.

XAU / BTC at an all-time low

After the Bitcoin price broke a record on Wednesday, the gold price hit an all-time low in BTC. An ounce of gold, traded at $ 1,794, is 0.0349 BTC as of the time of translation broadcast.

Gold price in bitcoin. Source: Holger Zschaepitz / Twitter / Bloomberg

The analysis account Ecoinometrics added that gold performed progressively weaker compared to Bitcoin over the longer time frame.

Bitcoin’s one-year risk-adjusted return was 270 percent as of December 28, 2020, compared to only 24 percent for gold. In four-year yields, the difference becomes even greater. Bitcoin has yielded 2,675 percent in the past four years, while gold has earned 64 percent.

A risk-adjusted return comparison of Bitcoin and gold. Source: Ecoinometrics / Twitter

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