Bitcoin Climbs 50% Since April Low, Set to Challenge Gold and Silver’s Reign
Bitcoin (BTC) has soared past $111,800 on Thursday, marking an impressive 50% rally from its April low near $75,000 and outpacing both tech stocks and bond markets. However, when measured against time-tested safe havens like gold and silver, Bitcoin still has ground to cover before surpassing previous highs.
Currently, the bitcoin-to-gold ratio sits at 33.27 ounces, below the January peak above 40 ounces. Similarly, BTC has edged past 3,300 ounces relative to silver, yet it falls short of the all-time peak near 3,530 ounces.
Touted as “digital gold” for its capped supply and decentralized framework, Bitcoin is gradually living up to that reputation. While U.S. equities remain subdued despite rebounding from April’s trade-war jitters, Bitcoin’s steady climb signals growing confidence among investors seeking alternative value stores.
Bitcoin is also nearing critical psychological thresholds in major currencies, trading near 82,500 British pounds and 91,500 Swiss francs, just shy of all-time highs at 88,300 pounds and just under 100,000 francs.
Beyond fiat comparisons, Bitcoin has already hit new peaks against the Nasdaq 100 and the iShares 20+ Year Treasury Bond ETF (TLT), highlighting a significant shift in market dynamics. The final milestone lies in surpassing gold and silver, which would cement Bitcoin’s dominance as the ultimate store of value.
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