Gold prices come within a few dollars of a milestone all-time high of $ 4,000 while investors will escape the safe properties-a trend that also looks bullish for Bitcoin.
Prices for futures for gold Tinapik $ 4,000 per ounce for the first time early on Tuesday morning, while the prices of the area reached a full time of $ 3,976, According to In tradingview.
“Gold is on a new record high,” noticed Goldbug and Bitcoin’s critics Peter Schiff on Tuesday. “This is a clear warning that Fed’s current policy is wrong,” he added as he called the US Central Bank “Reverse Course Immediately,” and raise interest rates.
Gold has had a stellar run this year, which has fallen more than 50% since January 1 amid the increase of geopolitical tensions, trade tariffs concernsglobal inflation, and the Debasement of fiat currencies.
It has outperformed bitcoin (Btc) At the same time, with the world’s major digital digital assets are only 33.5%. However, bitcoin prices follow gold, even with lag, which can be well-bodied for a massive year end.
Bitcoin will come out of gold, says analysts
“All Gold time shows investors’ demand for the shortcomings of property. From here, we believe Bitcoin will be the better performance of the two,” Apollo Capital’s Henrik Andersson told Cointelegraph on Tuesday.
“The gold hit of $ 4K is another confirmation of the same dynamic support of the BTC,” added Justin D’Ethan, head of Crypto private market partnerships Arctic Digital.
Related: Bitcoin ‘exploded’ its next leg to $ 150k: analysts
Moving is more than a “confirmation with one another,” with the same possessions Reaction In the same concerns: unstoppable defects in us, softening dollar credentials, and increasing geopolitical hedging, he said before adding:
“Gold is familiar and deeply rooted in traditional financial setups. Bitcoin is moving significantly because it is available 24/7, scarcer, and accepted more forward.”
The touch of bitcoin with gold
Bitcoin is caught in gold and the global money supply of M2, and “to fix,” Says Analyst James Bull in X.
Last week, analyst and businessman Ted Pillows Says Bitcoin is high Related to gold with an eight -week lag.
With the gold hitting new highs, Bitcoin will follow, he said, and added, “Maybe we’ll see another correction, but the general Q4 will be great for Bitcoin.”
Last week, cointelegraph reported That bitcoin continued its relationship with gold, as both were close or reached all the time high. Bitcoin hit a full time high over $ 126,000 during the late trading on Monday.
Bitcoin up to seven numbers
Litespark co-founder and CEO, and former leader of Paypal, David Marcus, compared two properties, saying On Monday that if Bitcoin was appreciated like gold, it costs $ 1.3 million.
“It’s a better amount of value, and its payment utility has not been priced. Crossing seven numbers is only one hour.”
Magazine: Bitcoin can move ‘very fast’ to $ 150k, altseason’s doubt: Hodler’s Digest
