As Bitcoin continued to trade sideways, gold quietly stole the spotlight, rising to all-time highs as investors flocked to safety amid global economic uncertainty. The move underscores the widening gap between traditional and digital stores of value, raising questions about Bitcoin’s role as digital gold in a macro environment that should favor both.
Momentum gap: Bitcoin stagnates and gold rises
From a convincing and realistic perspective, the current state of the cryptocurrency market, especially Bitcoin, contrasts sharply with the performance of gold. As the analyst Exy He pointed out On X, gold is breaking all-time highs week after week, yet Bitcoin hasn’t moved an inch. EXY also revealed that social risks are at zero, and Google Trends remains stagnant for Bitcoin searches.
Exy describes the current encryption The environment serves as an internal struggle, with participants competing, filtering, cheating, pumping and dumping against each other. However, the market tops are in a state of euphoria and not in a period of stagnation, as observed in gold’s ongoing movement. Interestingly, as gold starts to consolidate, other riskier assets like Bitcoin could finally catch up Bounce.
Moreover, social risks will start to improve once we see a steady rate cut by the Federal Reserve (FED), which allows benchmark countries to access additional cash each month, as well as quantitative easing (QE) to pump our money. Origins. “Regardless, this is not over yet,” Exie pointed out.
Gold’s $30 trillion dominance puts Bitcoin’s potential into perspective
CryptoRank.io has open The absolute flow of gold has exceeded the flow of Bitcoin by more than $15 trillion since January 1, 2024, confirming the metal’s continued dominance as a global store of value. The total market value of gold has risen to $29.6 trillion since the beginning of 2024, while Bitcoin has risen to $2.15. Trillion.
Despite the growing adoption of Bitcoin and its integration into digital assets in institutional finance, investors continue to view gold as the primary safe-haven asset amid the economic crisis. market suspicion. At the same time, the gold narrative is evolving, with tokenized commodities such as Tether Gold (XAUT), PAX Gold (PAXG), and AurusGOLD (AWG) seeing rapid growth, offering… Investors On-chain exposure to physical gold and other precious metals.
Crypto expert theunipcs has it too Mentioned The global gold market has now reached a staggering $30 trillion, adding more than $12 trillion in value in the past year alone to the market cap. By today’s standards, if Bitcoin captured just 10% of gold’s current market cap, it would be trading at about $150,700 per Bitcoin, which is the minimum it would reach before then. turn Tops.
Featured image from Getty Images, chart from Tradingview.com
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