🟢 Gold at a new peak — $3,500 per ounce! The market is rushing to safety
— Today, the price of gold has reached a historic maximum, hitting $3,500 per ounce.
— The reasons are the same:
• geopolitical turbulence,
• weakness of the dollar,
• demand for safe-haven assets.
What does this mean for crypto?
— Often, the rise of gold goes hand in hand with Bitcoin — as an alternative to the fiat system.
— And if gold is rewriting its peaks, BTC may follow suit — especially against the backdrop of an impending global economic downturn.
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