Gold Adds to Losses but Analysts Still See Long-term Safe-haven Demand
Economist Peter Schiff Sees 'A Silver Lining' As Gold Plummets, While Investors Rush To Snap Up Bitcoin Gains: 'Typically...Silver Would Be Down Twice As Much'
Commodity Roundup: Gold Extends Decline Amid Prospects of Fewer Rate Cuts,
Bitcoin Nears $90,000, ETFs See Record Inflows as Institutional Demand Swells
Milestone moment! BlackRock's bitcoin ETF size exceeds gold for the first time!
Bitcoin has entered a "beast mode", with the current price approaching $90,000. The market cap of cryptocurrencies has reached a historical high of about $3.1 trillion.
"Trump 2.0", why is bitcoin skyrocketing while gold is plummeting.
Analysis suggests that 'Trump 2.0' may lean towards a 'small government' ideology, reducing government intervention and avoiding expansionary fiscal expenditures, which is bullish for bitcoin as a 'decentralized' asset. This cautious fiscal style also suppresses the safe-haven properties of gold, weakening its attractiveness as a hedge asset.