King Dollar Falls, Bitcoin Marches Toward Sound Money Highs

Description

Bitcoin's BTC dollar high succumbed on Thursday as the largest cryptocurrency rose past $111,800 , a remarkable 50% gain from its April low near $75,000, but when measured against traditional stores of value like gold and silver, BTC — often dubbed "digital gold" — still has room to advance. The bitcoin-to-gold ratio stands at 33.27 ounces, below its January peak of over 40 oz. BTC has also not reached an all-time high against silver, though it has just breached the 3,300 oz. level, compared wit...