Bitcoin Trader Says Gold Is Setting a "Recession Peak" as XAU Approaches a New Record of $3,300

! Bitcoin will struggle to become a safe-haven asset by 2025 as money flows into gold funds hovers around $80 billion.

Data from Bank of America (BoA) was revealed on X by The Kobeissi Letter on April 15, confirming gold's "best streak" since 2013.

Gold breaks records as Bitcoin ETFs weaken

As the U.S. trade war saw investors flock to gold, Bitcoin lost attention as a hedge against macroeconomic volatility.

BoA's data showed that inflows into gold funds broke records, with data from TradingView recording XAU/USD setting a new high near $3,300 an ounce on April 16.

"Net inflows into gold funds have reached a record $80 billion to date. This is more than two times higher than the previous peak set in 2020," Kobeissi noted.

*"Investors are pouring money into gold at a record pace as market uncertainty soars. As a result, the price of gold has risen 22% since the beginning of the year and outperformed every other major asset class."

! Chart of money flows into gold funds | Source: The Kobeissi Letter, on the other hand, the BTC price movement paints a very different picture. Despite the emergence of U.S. spot Bitcoin ETFs and global integration, BTC/USD hit a 5-month low in early April.

Data from analytics platform Glassnode calculates that total assets under management of ETFs fell from $106 billion at the start of the year to $92 billion this week.

Kobeissi concluded that: "Gold prices have set 52 ATH levels over the past year, recording their best bullish streak in 12 years."

"Gold is a global safe haven.

! Balance of spot Bitcoin ETFs in the United States | Source: Glassnode## Gold's Recession Peak and Bitcoin's Bull Momentum

Despite repeatedly setting new records, market commentators have seen gold's unprecedented rally coming to an end.

Speaking on X this week, trader Peter Brandt predicted a "recession peak" for XAU/USD.

"Gold has now entered the peak of its recession," he summarized.

*"With such rapid progression, gold will soon reach its final peak."

! XAU/USD Chart – 1 Day | Source: Peter Brandt According to popular theory, the fall of gold could facilitate Bitcoin's catch-up, as BTC/USD often replicates gold's uptrend with a lag of several months.

"No one really knows why that happened," Professional Capital Management founder and CEO Anthony Pompliano told CNBC on April 15.

Pompliano suggested that traditional financial institutions are often "unfamiliar" with the idea of Bitcoin as a safeguard against macro instability.

"What we're seeing, however, is that when gold went up, about 100 days later, Bitcoin didn't just catch up; which will typically record much stronger growth, with higher volatility," he said.

You can see the BTC price here.

Disclaimer:** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.*

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