Bitcoin hits another all-time high

On Monday, November 16, Bitcoin reached another all-time high, hitting $107,580 per coin. This data comes from Coinbase via TradingView.

After the surge, the digital asset (DA) slowed its bullish momentum on December 17 but remains in the green – as of 09:11 Moscow time, Bitcoin was trading around $106,600.

It is noteworthy that as a result of the rising value of the digital asset, the ratio of BTC to gold reached a peak of 40 gold ounces per coin. This reflects Bitcoin's value in relation to gold and indicates that investor confidence in DA as an asset is growing.

Earlier reports suggested that the price of Bitcoin could reach $250,000 by 2025. This was stated by co-founder of the analytical firm Fundstrat, Tom Lee, during a CNBC broadcast.