Matrixport: Some forward-looking investors have begun to simultaneously allocate gold and Bitcoin

Matrixport released a chart today showing gold breaking through the $3,400 mark, breaking through the resistance it had held for the past four months. Long before BlackRock coined the term "digital gold," we highlighted gold's investment value and its correlation with Bitcoin. We first recommended a gold allocation in the summer of 2023, when the price was nearing $2,000. Currently, the price has risen to $3,600 and is expected to test $4,000. This strategy has achieved a 100% return in two years. Gold's continued rise despite the absence of significant monetary easing suggests that some forward-looking investors are beginning to allocate both gold and Bitcoin. Bitcoin is currently in a period of consolidation, but the long-term outlook remains firmly bullish.