"Gold and Bitcoin Rise Side by Side…'Sign of Transition' in the Global Financial Order"

Gold and Bitcoin (BTC) have risen side by side, prompting analysis that the global financial order has entered a period of structural transition.

On the 10th (local time), virtual asset (cryptocurrency) service provider Matrixport said in a research report, "The concurrent rise of gold and Bitcoin indicates a structural change in the global monetary order." The report said, "In this macro environment, investors are gradually moving into real assets and alternative assets like Bitcoin," and added, "The rise of gold and Bitcoin is not a simple short-term phenomenon but a signal heralding a reorganization of the global financial order."

The report pointed to the case in 2023 when Bitcoin surged along with rising gold prices. The report said, "In May 2023, while gold remained near $2,000 and central bank net purchases continued, Bitcoin was stalled at around $30,000," and "that trend later became the catalyst for Bitcoin to rise to $45,000."

It also stated, "Historically, gold has generally shown strength mainly in crisis phases, and this rise follows that typical pattern." It continued, "Currently the Fed's independence is being shaken, and major countries including the United States are pursuing large-scale fiscal expansion policies, but the real growth effects are limited," diagnosing, "This could lead to currency depreciation, structural inflation, and long-term growth slowdown."