Bitcoin’s 50% Rally Since April Puts Focus on Surpassing Gold and Silver
Bitcoin (BTC) surged above $111,800 on Thursday, marking a 50% gain from its April low near $75,000 and outperforming major tech stocks and bond markets. Yet despite these gains, BTC has yet to reach new highs relative to traditional safe-haven assets like gold and silver.
Currently, the bitcoin-to-gold ratio rests at 33.27 ounces, underperforming its January peak of over 40 ounces. Against silver, BTC has recently topped 3,300 ounces but still trails the all-time high near 3,530 ounces.
The “digital gold” label highlights Bitcoin’s fixed supply and decentralized nature, which have helped it steadily gain credibility as a store of value. While equities remain sluggish after April’s trade-related pullback, Bitcoin’s rise signals growing institutional and retail demand.
In fiat terms, BTC is approaching key psychological milestones in currencies such as the British pound and Swiss franc, trading near 82,500 pounds and 91,500 francs respectively—levels just shy of their all-time highs.
Bitcoin has already surpassed records against benchmarks like the Nasdaq 100 and the iShares 20+ Year Treasury Bond ETF (TLT), signaling a broad shift in market leadership. The ultimate test remains overcoming gold and silver to fully claim its place as the premier monetary asset.
