Bitcoin Climbs 50% Since April but Still Trails Gold and Silver in Value Comparison
On Thursday, Bitcoin (BTC) surged past $111,800, marking an impressive 50% rally from its April lows near $75,000. Despite outperforming major tech stocks and bond markets during this period, the cryptocurrency has yet to fully reclaim its all-time highs when compared against traditional safe-haven assets like gold and silver.
The bitcoin-to-gold ratio currently sits at 33.27 ounces, well below its January peak of over 40 ounces. Similarly, Bitcoin has not yet surpassed its all-time high against silver, though it recently crossed the 3,300-ounce mark, shy of the record 3,530 ounces.
Known as “digital gold” for its capped supply and decentralized design, Bitcoin is increasingly living up to this reputation. While U.S. equities remain sluggish year-to-date, recovering only slightly after April’s tariff-related sell-off, Bitcoin continues to outshine these traditional markets.
In terms of other fiat currencies, Bitcoin is approaching key psychological levels, trading near 82,500 British pounds (just below its all-time high of 88,300 pounds) and 91,500 Swiss francs (versus a previous peak just under 100,000 francs), signaling potential upcoming breakthroughs.
Bitcoin has already achieved record highs relative to major financial instruments such as the Nasdaq 100 and the iShares 20+ Year Treasury Bond ETF (TLT). This sustained outperformance of tech stocks and bonds highlights Bitcoin’s growing role in the financial ecosystem. Yet, the ultimate milestone remains surpassing precious metals. When Bitcoin overtakes gold and silver benchmarks, it will signify a fundamental shift in monetary dominance.
