Trump's Golden Rule Moves the Markets

Donald Trump's statement "He who has the gold makes the rules" caused a strong reaction in the markets. Gold prices broke a record with a 2% increase, reaching $3,385, while Bitcoin rose by 3% to $87,500. The statement, combined with the increasing US-China tension and economic returns, directed investors to safe havens. The dollar data remaining at its lowest level in 3 years also strengthened this protection. Analysts interpret the simultaneous rise of Bitcoin and gold as a sign of "a weakening dollar and rising cards." Despite Bitcoin gaining value this time despite the drop in the dollar, it gives hints that the technology the asset offers may be separable from sentiments. However, historical data shows that Bitcoin has a comparatively higher distribution with respect to technology sentiments in its current state.