Matrixport: Gold breaking $3,000 or BTC hitting $100,000 could trigger short-term consolidation

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ChainCatcher
13 hours ago
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According to ChainCatcher's message, Matrixport stated that the gold price has hit a new historical high, further strengthening the "digital gold" narrative of Bitcoin. This trend has been gradually emerging since the summer of 2023 when gold broke through the $2,000 mark.

Currently, gold is not only seen as a hedge against the inflation of US debt, but also as a safe-haven asset to avoid tariff risks.

With institutions like BlackRock driving the market sentiment for Bitcoin, the status and momentum of Bitcoin and gold as alternative assets continue to rise. Although a breakthrough of $3,000 for gold or $100,000 for Bitcoin may trigger short-term consolidation, the overall upward trend is expected to continue.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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