Bitcoin prices have rallied a massive 100% year-to-date

Bitcoin prices are now testing a key milestone of $90,000

November 12, 2024

Bitcoin, the largest cryptocurrency in the world briefly hit over $89,000 on Wednesday posting a new all-time record. It has increased over 100% thus far this year.

Over the last 12 months, Bitcoin is up a whopping 139%.

To put this into perspective, less volatile and less risky gold is up 26%.

Interestingly, the Bitcoin to gold ratio has still not reached a new all-time high.

At the current gold price of ~$2,600, Bitcoin would need to rise to $100,000 to make the ratio hit a new record.

My long-term take on Bitcoin:

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