How gold records will affect bitcoin

Against the background of increased volatility, the price of gold has updated the historical maximum, exceeding $ 3,300 per ounce.

We understand how the growth of gold to the new peak can affect Bitcoin (BTC).

Why is gold grow

At the time of writing, the price of gold is $ 3,000. The peak value was recorded at the level of $ 3,317. This means that since the beginning of the year the cost of precious metals has increased by 25%.

According to the New York Times, the main reason for the growth of gold was the global trade war, which began US President Donald Trump. Earlier, he introduced duties on the import of goods from China, the European Union (EU), Canada and many other countries that have taken response measures.

Some suggest that a trade war can directly affect gold imports. Therefore, the United States began to actively accumulate precious metall. The Business Standard writes that JPMorgan Chase and HSBC are urgently transporting gold in the amount of $ 4 billion from London to New York. Purpose: to avoid customs barriers and freezing assets.

In addition to the trade war, the macroanalist under the nickname Zerohedge in X (formerly Twitter) identified another factor that affects the price of gold, – US budget deficit. Earlier, the Senate allowed an increase in the deficit by $ 5.8 trillion over the next ten years. The expert suggests that it was because of this news that the gold has updated the next high.

Goldman Sachs Bank has updated its gold forecast for 2025. According to them, the price of Dragmental will reach $ 3,700.

What will happen to bitcoin

While the gold is on the rise, Bitcoin, which is often called “digital gold”, demonstrates ambiguous dynamics. Since the beginning of the year, cryptocurrency has lost about 10%, while Dragmental added 20%, said the general director of the Professional Capital Management Anthony Papillano. Nevertheless, in the context of the last 12 months, the gap is not so large – during this period, both assets rose by about 35%.

Papillano called several reasons why BTC very soon can repeat the current gold dynamics. Among them:

• US government plans to create a strategic bitcoin reserve;
• The growing acceptance of cryptocurrency by the young generation, which chooses as a long -term investment.

Bitcoin really follows gold with a delay of about 100 days, especially in conditions of increased global liquidity. Optimism is also added by the fact that in the first quarter of 2025, institutional investors acquired more than 95,400 BTC, which indicates their strong interest in cryptocurrency.

However, not everyone agrees with this. A long -standing critic of Bitcoin, economist Peter Schiff, believes that the best strategy is now to sell digital assets and invest in shares of gold mining and silvering companies.

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