Bitcoin (BTC) continues to shine brighter than gold. Proof of this is that the digital currency is on track to record positive performance against precious metals for the second consecutive month.
As of the publication of this article, April 29, 2026, It costs approximately 0.060 BTC to purchase 1 ounce of precious metals.
As of February, Bitcoin had continued to be negative against gold for seven consecutive months. The last close of this comparison was in the red, with the precious metal trading close to 0.075 BTC per ounce. This performance came after gold reached an all-time high (ATH) of $5,600 in January.
However, since March, the dynamics have begun to reverse. This change coincided with rising tensions in the Middle East. The U.S. attack on Iran began on February 28, and since then, The closure of the Strait of Hormuz became the center of the market.
This happens because the Strait of Hormuz circulates 20% of the world’s oil and is one of the world’s most strategic shipping lanes, according to a report by CriptoNoticias. Any disruption to that route could affect energy prices, fuel inflationary pressures, and change the dynamics of financial markets. In these types of scenarios, gold is usually reinforced as a safe-haven asset.
However, this time, relative movements gave Bitcoin an advantage. Since March, Gold has started to become cheaper in BTC terms, indicating the digital currency’s increasing purchasing power relative to the precious metal.
In this regard, trader Michael van de Poppe said Bitcoin’s reaction to gold after the bullish divergence is “very positive.” In order, Analyst Ike Igwe interpreted the change in the ratio as a sign of a recovery in the market’s risk appetite.
Meanwhile, manager Jean-Michel Rivera warned against this kind of move. This may be a reaction to short-term trends and does not imply a structural change in gold’s role as a store of value.. As he explained, these divergences are usually resolved by reverting to the mean.
At this point, the key will be continuity of exercise. If the price of gold in BTC terms continues to fall, it will reinforce the idea that digital currencies are gaining purchasing power over traditional assets. Otherwise, the change may remain a correction within the still defined trend.
(Tag translation) Bitcoin (BTC)
