Bitcoin returns to 20 ounces of gold for the first time since January
AI Summary
Bitcoin returned to a level equivalent to 20 ounces of gold.
20 ounces of gold now correspond to the value of one BTC.
Bitcoin News reported the level was last reached in January.
Bitcoin has returned to a valuation of 20 ounces of gold per BTC for the first time since January, according to Bitcoin News. The comparison tracks Bitcoin’s price against gold rather than measuring a change in either asset’s supply.