Gold Heats Up, Crypto Has a Chance to Shine After U.S. Tax Moves

The U.S. has just imposed import taxes on 1 kg and 100-ounce gold bars - the most commonly traded formats on the Comex exchange and accounting for a large portion of Swiss gold exports to the U.S. This move is believed to be aimed at increasing trade pressure, encouraging domestic gold production, but it has led to a tightening of supply and rising costs.

Currently, the price of gold in the foreign exchange market has reached $3,396/ounce (closing price on 08/08 according to #NEOTECH ), up to 30% from the bottom of $2,615/ounce set on 06/01/2025. This strong increase reflects investors' search for safe-haven assets, but it also raises concerns about the cost of holding gold in the context of the new import taxes.

With this change, analysts believe that capital flows may seek other assets that have higher liquidity and profit potential, among which cryptocurrency - especially #bitcoin and Ethereum - becomes an attractive option. As gold becomes more expensive in both price and tax, crypto could benefit from lower transaction costs, global accessibility, and strong growth potential in the new cycle.