Bitcoin has shown clear strength against gold, surpassing 18 ounces of gold per BTC and reaching its highest level of the year.
Bitcoin’s relative value has continued to rise, outpacing gold, the traditional safe-haven asset. According to crypto-focused media outlet CoinDesk, the ratio of the Bitcoin price to the price of one ounce of gold recently reached 18.17, setting its highest level since January.
Markets are analyzing high debt levels in major developed economies and concerns over the dilution of fiat-currency value as key factors driving demand for both Bitcoin and gold.
In this regard, U.S. Treasury Secretary Scott Bessent said at a G20 meeting on the 31st, local time, “The world is carrying enormous debt, and we have to grow our way out of it.” Anthony Scaramucci, founder of SkyBridge Capital, commented on social media platform X that “this statement itself is the logic for investing in Bitcoin.”
CoinDesk explained that, unlike fiat currencies, Bitcoin’s supply cannot be artificially increased through policy decisions. As concerns over currency-value dilution grow, its appeal as an investment vehicle for asset protection is therefore becoming more pronounced.