As bitcoin continues to trade sideways, gold has stolen the spotlight, reaching new-time highs as investors move to safety around the world. The move underscores the growing friction between traditional and digital stores of value, raising questions about BTC’s role as digital gold in a macro environment that should favor both.
The Momentum Gap: Bitcoin Stagnation and the Gold Rush
From a strong and intense perspective, the current state of the crypto market, especially bitcoin, is very different from the performance of gold. As an analysis of exy shown At X, gold broke all-time highs for the week, yet BTC didn’t move an inch. Exy also pointed out that the social risk is zero, and google trends remain focused on BTC searches.
Exy explains the current CRYPTO Nature as an internal struggle, where the participants are PVSIPs, inciting, beating, pumping, and dumping each other. However, the market peaks in euphoria and not in a stable period, as seen in the ongoing gold movement. Interestingly, when gold starts to rally, other risk assets like BTC may end up holding their own jump.
In addition, the social risk will start to improve once we see the changing rate decided by the Federal Reserve (Fed), and allow more easing in the month, and off the rates (QE) to pump our property. “It doesn’t matter, this isn’t over yet,” it was released.
Gold’s $30 Trillion Perinance puts BTC’s power in perspective
Cryptorank.io has it – revealed That gold mine has surpassed Bitcoin’s by $15 trillion as of January 1, 2024, underscoring the metal’s continued dominance as a Global store of value. Capital Capitation of the gold market has reached $29.6 trillion since the beginning of 2024, while BTC has risen to $2.15 trillion.
Despite the growing adoption of BTC and its integration into institutional financial digital assets, investors continue to view gold as a safe haven asset. to sell uncertainty. At the same time, the gold narrative is emerging, with tokelened assets such as tether gold (XAUT), Pax Gold (Paxg), and Aurusgold (AWG) experiencing rapid growth, offering investors on-chain exposure to physical gold and other precious metals.
Crypto expert theunipcs too mentioned That the global gold market has reached $30 trillion, added more than $12 trillion in value last year alone to its market CAP. According to today’s metrics, if BTC took a 10% cap of 10% of the current gold cap, it would sell for about $150,700 per BTC per BTC per BTC, and that’s the bare minimum it would reach before this round it up.
Featured image from Getty Images, chart from Tradingview.com
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