After the rise in gold prices reaching the value of an ounce to 3400 dollars, meaning that the kilogram has become approximately 91 thousand dollars to 92 thousand dollars.

We have witnessed a very large movement in the cryptocurrency market and a significant shift of liquidity into the currency market, where large amounts reaching 100 billion dollars have been pumped, resulting in the rise of #BTC to the barrier of 92 thousand dollars, considering that Bitcoin controls 64% of the Market Cap value.

This truly means that Bitcoin is the digital gold, and this supports analysts' predictions with its limited supply that it will achieve record numbers, unlike gold which has an unlimited supply, indicating that the factors of supply and demand control it.

The current rise of Bitcoin is directly proportional to the rise in gold and is almost the same price for a kilogram of gold against one Bitcoin. This is a sign of extended confidence that has driven some investors in light of the globally risky economic conditions, which are significantly tense in terms of commercial activities due to the decisions of the United States regarding tariffs and the reactions of countries to these decisions.

They are looking for a store of liquidity, so the closest direction was gold and Bitcoin, and therefore Bitcoin may surpass its previous peak of 109 thousand.

Once this happens, liquidity will automatically transfer to #Ethereum and then to alternative currencies.

This is just a personal analysis and not financial advice; please conduct your own research.

#Economic_Files