Matrixport: Gold's new high will strengthen the logic of Bitcoin's bull market, and the overall upward trend is expected to continue

Odaily News Matrixport's coin chart today said that it is difficult to remain bearish on Bitcoin when gold hits an all-time high. We have been emphasizing this positive signal since gold broke through $2,000 in the summer of 2023, marking a clear shift in market sentiment. Since then, BlackRock has further promoted Bitcoin's "digital gold" narrative, boosting its price.
Initially, gold was seen as a hedge against the expansion of US debt, but now it is also considered a safe haven asset to avoid the risk of US tariffs. Regardless of how the market interprets the current narrative, the status of gold and Bitcoin as alternative assets is constantly improving and gaining momentum. Although gold breaking through key psychological levels such as $3,000 or Bitcoin hitting $100,000 may trigger short-term consolidation, the overall upward trend is expected to continue.