PANews reported on December 16 that according to Cointelegraph, on December 16, as Bitcoin broke through the $106,000 mark for the first time, and spot gold (XAU) was trading at about $2,650, the ratio reached a new ATH, that is, 40 ounces of gold per Bitcoin. Senior futures foreign exchange trader Peter Brandt emphasized the new historical record of the Bitcoin to gold ratio and was confident that the indicator would continue to grow. He said: "The next stop is 89 to 1 - that is, 89 ounces of gold are needed to buy 1 Bitcoin."