Matrixport: Gold breakthrough strengthens Bitcoin bull market logic, alternative assets are rising
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On March 17, Matrixport said that the price of gold broke through the historical high, further strengthening Bitcoin's "digital gold" narrative. This trend has gradually emerged since gold broke through $2,000 in the summer of 2023. At present, gold is not only regarded as a hedge tool to combat US debt inflation, but also a safe-haven asset to avoid tariff risks.
As institutions such as BlackRock promote Bitcoin's market sentiment, the status and momentum of Bitcoin and gold as alternative assets continue to increase. Although gold breaks through $3,000 or Bitcoin hits $100,000, may trigger a short-term consolidation, the overall uptrend is expected to continue.