As gold prices reach an all-time high, analysts show significant divergence regarding the correlation between BTC and gold.
As global liquidity expands and fiscal risks escalate, gold prices surged more than 6% in just 10 days, once reaching a historic high of over $3,500, which has also sparked divergent opinions among analysts regarding the correlation between gold and Bitcoin.
Supporters believe that gold will lead Bitcoin to a breakthrough; however, critics argue that the rise of gold will put pressure on cryptocurrencies.
Analyst Alpha Extract pointed out that when global liquidity increases, it is often accompanied by a rise in gold prices, while BTC usually enters a consolidation period during this time, and vice versa.
The main factors driving the rise in gold prices include concerns about the independence of the Federal Reserve, risks associated with fiscal policy, and the increase in the 30-year government bond yield in global markets.
Although the current inflation rate is above the target level of 2%, the Federal Reserve is still considering cutting interest rates, indicating that the pressure on the entire financial system is intensifying.
Macro analyst Martyparty indicated that gold and global liquidity are playing a leading role in the current cycle, with Bitcoin following closely behind. If history repeats itself, once gold prices stabilize, Bitcoin may benefit.
However, Bitcoin skeptic Peter Schiff believes that the rise in gold comes at the expense of Bitcoin. He thinks that the breakthrough in gold and silver prices is a major negative for Bitcoin.
In summary, while some analysts view gold and Bitcoin as complementary hedging tools, others see them as competitors vying for safe-haven funds.
According to former Coinbase executive Balaji Srinivasan, as the dollar's share in global reserve currencies decreases to 42%, this trend has also driven the continuous rise in gold prices, indicating that BTC may become the next growth point in the market.
Overall, in the context of increased global liquidity, rising fiscal risks, and the weakening status of the dollar, gold and Bitcoin may play a key role as safe-haven assets in the future financial landscape.
In summary, these viewpoints have once again sparked discussions in the market regarding the relationship between the trends of gold and Bitcoin. Whether the two will diverge or move in tandem in the future will also become a key observation window for global capital flows and risk preferences.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
As gold prices reach an all-time high, analysts show significant divergence regarding the correlation between BTC and gold.
As global liquidity expands and fiscal risks escalate, gold prices surged more than 6% in just 10 days, once reaching a historic high of over $3,500, which has also sparked divergent opinions among analysts regarding the correlation between gold and Bitcoin.
Supporters believe that gold will lead Bitcoin to a breakthrough; however, critics argue that the rise of gold will put pressure on cryptocurrencies.
Analyst Alpha Extract pointed out that when global liquidity increases, it is often accompanied by a rise in gold prices, while BTC usually enters a consolidation period during this time, and vice versa.
The main factors driving the rise in gold prices include concerns about the independence of the Federal Reserve, risks associated with fiscal policy, and the increase in the 30-year government bond yield in global markets.
Although the current inflation rate is above the target level of 2%, the Federal Reserve is still considering cutting interest rates, indicating that the pressure on the entire financial system is intensifying.
Macro analyst Martyparty indicated that gold and global liquidity are playing a leading role in the current cycle, with Bitcoin following closely behind. If history repeats itself, once gold prices stabilize, Bitcoin may benefit.
However, Bitcoin skeptic Peter Schiff believes that the rise in gold comes at the expense of Bitcoin. He thinks that the breakthrough in gold and silver prices is a major negative for Bitcoin.
In summary, while some analysts view gold and Bitcoin as complementary hedging tools, others see them as competitors vying for safe-haven funds.
According to former Coinbase executive Balaji Srinivasan, as the dollar's share in global reserve currencies decreases to 42%, this trend has also driven the continuous rise in gold prices, indicating that BTC may become the next growth point in the market.
Overall, in the context of increased global liquidity, rising fiscal risks, and the weakening status of the dollar, gold and Bitcoin may play a key role as safe-haven assets in the future financial landscape.
In summary, these viewpoints have once again sparked discussions in the market regarding the relationship between the trends of gold and Bitcoin. Whether the two will diverge or move in tandem in the future will also become a key observation window for global capital flows and risk preferences.
#GOLD # BTC