Gold had just marked an all-time high in dollars in January 2026.
Currently, one ounce of gold is equivalent to approximately 0.060 BTC.
Bitcoin (BTC) continues to shine brighter than gold. Proof of this is that the digital currency is close to adding its second consecutive month of positive performance against the precious metal.
At the time of this publication, April 29, 2026, It takes approximately 0.060 BTC to purchase one ounce of the precious metal.
In February, BTC was still on a seven-month negative streak against gold. At the last close in the red of that comparison, the precious metal was trading near 0.075 BTC per ounce. That performance had come after gold hit an all-time high (ATH) of $5,600 in January.
However, starting in March, the dynamic began to reverse. The change coincided with an escalation of tension in the Middle East: the United States attacks against Iran began on February 28 and, since then, The blockade of the Strait of Hormuz became central to the market.
This happens because the Strait of Hormuz is one of the most strategic maritime passages in the world, since 20% of global oil circulates through it, as reported by CriptoNoticias. Any interruption in that route can impact energy prices, fuel inflationary pressures and alter the behavior of financial markets. In these types of scenarios, gold usually strengthens as a safe haven asset.
But this time, the relative movement favored bitcoin. Since March, Gold began to become cheaper measured in BTC, showing an improvement in the purchasing power of the digital currency against the precious metal.
In this regard, trader Michaël van de Poppe said that BTC’s response to gold is “very positive” after a bullish divergence. In turn, Analyst Ike Igwe interpreted the turn in the ratio as a sign of return of risk appetite in the markets.
For his part, manager Jean Michel Libera warned that this type of movements It may respond to short-term dynamics and does not imply a structural change in the role of gold as a store of value.. As he explained, these divergences are usually resolved with a reversion to the mean.
For now, the key will be in the continuity of the movement. If gold continues to get cheaper measured in BTC, the idea that the digital currency is gaining purchasing power over traditional assets will be reinforced. Otherwise, the change could remain an adjustment within a trend still being defined.