đ¨ Bitcoin vs Gold: Safe-Haven Divergence Widens â Will BTC Catch Up?
Hey friends, the gap between #bitcoin and #GOLD is getting wider! Since last Thursday, Bitcoin has dropped 5% to trade at ~$115K, while gold surged 5% to a record high of $3,791. This divergence is due to macroeconomic uncertainty, with investors preferring gold as a safe-haven asset, as per Decrypt.
farzam Ehsani, CEO of VALR exchange, said goldâs strength comes from sovereign and #centralbank demand, especially from #china and #russia , who are buying gold to hedge against US dollar dominance. Bitcoin is still in the âearly stages of institutional adoption,â so investors are skeptical about whether it can fulfill the âdigital goldâ narrative.
Check the data: 90-day ETF inflows show gold attracted $18.5B, while Bitcoinâs inflows are under $10B (BOLD Report). On Monday, BTC fell less than 4%, but a $1.65B longs and $145M shorts liquidation happened â the biggest event this year!
But history speaks: When the Fed starts rate cuts, Bitcoin catches up and outperforms gold. Ryan McMillin (Merkle Tree Capital) told Decrypt, âGold moves first, Bitcoin follows 1-2 months later.â BTCâs market cap is ~1/10th of goldâs, so when risk-tolerant capital flows in, Bitcoin rises fast.
Right now, Asian markets are leading BTC returns (47% vs ~30% for US/EU), per Velo data, but the US still shapes the cycle (Bitget analyst Ryan Lee). With the Fedâs 25 bps cut done and 50 bps more expected, a risk-on mood could form!