Bitcoin (BTC) New ATH: Large Crypto to Hit Level Unseen Since 2021

Bitcoin (BTC), the largest cryptocurrency, might smash its all-time-high against Gold (XAU), says pseudonymous cryptocurrency analyst Checkmate, author of Check On Chain newsletter. This might be the last ATH that stays for almost four years.

Bitcoin (BTC) might smash its 2021 ATH against Gold: Analyst

BTC/XAU, i.e, Bitcoin’s (BTC) price in pair with Gold, might see a new ATH very soon. The record that is valid since late 2021 might be smashed as soon as in the next Bitcoin (BTC) price upsurge. Such prediction was shared by Checkmate, pseudonymous analyst and trader, with his 116,000 followers on X.

The next Bitcoin rip will punch new ATHs vs Gold, which is the last currency holding out since 2021.

I’m short Schiff’s mood, but long his engagement.

— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) June 28, 2025

At press time, 1 Bitcoin (BTC) is equal to 32.72 ounces of Gold (XAU). This metric added 50% in less that one year despite increased popularity of Gold (XAU) as a safe haven asset.

Not unlike other commodities, the Gold price surges during periods of geopolitical tensions across the globe. The current all-time high for XAU was registered in April 2025 over $3,500 amid uncertainty in the U.S.-China “trading divorce.”

As covered by U.Today previously, Bitcoin (BTC) meets the next phase of the bullish cycle in the status of a global macro asset.

Bitcoin (BTC) joined the elite club of universal macro assets (commodities, fiat, bonds, real estate and so on) just 16 years after creation, which is an unmatched result.

Gold-pegged stablecoins are on fire

Bitcoin (BTC) is also the only asset to be included in this list during the last 150 years, cryptocurrency bull and seasoned analyst Willy Woo said.

The interest in Gold (XAU) is also surging in the digital assets sphere. This process if reflected by growing caps of Gold-pegged stablecoins.

For instance, Tether Gold (XAUT), a Gold-pegged stablecoin by USDT issuer Tether Limited, recently hit an $850 million capitalization, which makes it the 76th largest altcoin.

Pax Gold (PAXG) is ready to join the top 100 cryptos by market cap.

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