Mar 19, 2024

Data from Kaiko shows that the bitcoin to gold ratio, which measures the relative performance of the two assets, is getting close to its all-time high from November 2021, an indication that the largest cryptocurrency by market cap is outperforming gold.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The Bitcoin to gold ratio is inching closer to its all time high. That's according to Kio data. The research firm says the increase shows that Bitcoin is outperforming gold despite both assets recently hitting all time highs, so will Bitcoin replace gold? Not necessarily. Ko says that while the new spot, Bitcoin ETF s are sometimes pitched as a compliment or replacement for the precious metal demand for gold has been driven by central banks making the demand for each asset different. That's it for today's chart of the day. I'm Jensen Asi. We'll see you next time to unpack more of the data behind top news stories.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.