On March 17, Matrixport said that the price of gold broke through a record high, further strengthening the "digital gold" narrative of bitcoin, which has gradually emerged since gold broke through $2,000 in the summer of 2023. At present, gold is not only regarded as a hedge against the expansion of US debt, but also as a safe-haven asset to avoid the risk of tariffs.
The status and momentum of bitcoin and gold as alternative assets continue to improve as institutions such as BlackRock drive sentiment towards bitcoin. While gold breaking through $3,000 or bitcoin hitting $100,000 could trigger a short-term consolidation, the overall uptrend is expected to continue.
Matrixport: Gold Breakthrough Reinforces Bitcoin Bull Logic, Alternative Asset Momentum Climbs
2025-03-17 07:10:20
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