Donald Trump's recent statement, "He who has the gold makes the rules," seems to have sent shockwaves through the financial markets. After his post, gold prices surged to a new all-time high of $3,350, gaining 1.5% in a single day. Bitcoin also saw a significant boost, rising by 4% to around $87,500, its highest level in three weeks ¹ ².
*Key Market Movements:*
- *Gold Price:* $3,350 (new all-time high, 1.5% gain)
- *Bitcoin Price:* $87,470 (3% rise, market cap at $1.73 trillion)
- U.S. Dollar Index: Hit a three-year low due to worries over Trump's potential plan to remove Federal Reserve Chairman Jerome Powell
Some experts believe Trump's comments might be a response to China's massive gold buying, with China purchasing around 50 tons of gold in February 2025. Crypto analyst Crypto Rover suggests the U.S. should sell its gold and start buying Bitcoin instead.
Interestingly, Bitcoin's recent price movement has deviated from its usual pattern, where it sometimes drops when the dollar falls. Instead, it's moving in the same direction as gold, potentially indicating investors are starting to see it as a safer long-term asset ¹ ².#USChinaTensions #BTCRebound #BNBChainMeme #FederalReserveIndependence #TRXETF