đ Gold Flies Above $4,300 â What is the Impact on Crypto? đ°âĄïžđȘ
Gold has just set a record above $4,300/oz, signaling a huge spike in safe haven sentiment. But... if gold goes up, does crypto fly or is it depressed?
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đĄ Why Does Gold Rise?
â Increasing global uncertainty (geopolitics & economy)
â Investors switch to hedging assets
â Expectation of The Fed to loosen monetary policy.
"BTC = Digital Goldâ
When gold is leading, Bitcoin is often runner-up as a digital generation version of a hedged asset. The gold surge can pave the way for the rotation of funds into BTC, especially if BTC manages to maintain the psychological level (100K+).
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đ Smart Investor Strategy:
â Monitor the correlation of gold vs BTC
â Wait for the "fund rotation" phase to measurable risk assets
â Pay attention to the macro narrative from The Fed & large institutions
â Focus on BTC as a long-term hedge asset
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The rise in gold is not a threatâbut an early alarm that investors are looking for protection. If this sentiment continues, Bitcoin has the potential to become the next destination as a digital version of gold.