Gold Surges to $3,004, Will Bitcoin (BTC) Follow at the End of March 2025?

Jakarta, Pintu News – Gold recently hit a record high by touching $3,004 per ounce, sparking the question of whether Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- will follow suit. Amid global economic uncertainty and inflation concerns, gold seems to be a safe investment option. However, the situation for Bitcoin (BTC) looks different, with prices still well below their record highs.

Gold Price Increase

On Friday, gold reached a new high of $3,004 per ounce, marking the 13th record in its rise. This surge is mainly due to continued global economic uncertainty. Fears of a recession in the US economy have led to a decline in the value of the dollar and increased demand for the precious metal.

It also increases the likelihood that the Federal Reserve (Fed) will ease policy by cutting interest rates. On the other hand, gold has attracted more investment into gold-backed funds. In the past 30 days, gold-backed ETFs have seen inflows of $10 billion. This shows that investors tend to seek safety in physical assets amid market uncertainty.

Also Read: Crypto Analyst Ali Martinez Explains Potential Catalysts for Cardano (ADA) March 2025 Price

Comparison with Bitcoin (BTC)

In contrast to gold, Bitcoin (BTC) is currently trading 23.3% below its record high, with a 14.6% decline over the last month. Although Bitcoin (BTC) price increased slightly by 0.9% in the last 24 hours to $83,379, there are still doubts in the market about its long-term prospects.

Market analyst, Merlijn, argues on the X platform that the future of Bitcoin (BTC) will probably follow the pattern of gold’s rise. Merlijn also highlighted that gold and Bitcoin (BTC) often show a positive correlation after a market crash in 2020, meaning the two assets are likely to rally together.

However, not all analysts agree with this view. Northstar, another market analyst, emphasizes that the trend in the gold/Bitcoin ratio shows that Bitcoin (BTC) has underperformed gold over the past four years.

Global Outlook and Market Sentiment

In South Korea, the Central Bank has rejected Bitcoin (BTC) as a foreign exchange reserve, citing volatility and associated financial risks. The government also plans to implement strict rules on cross-border transactions using digital resources. This move is likely to contribute to a more cautious view of Bitcoin (BTC) prices.

Charlie Morris, founder of ByteTree, also pointed out that gold-backed funds are seeing more investment while Bitcoin (BTC) ETFs are losing value. Nonetheless, Morris believes that this trend will reverse eventually, as it always does. This shows that despite short-term concerns, digital assets like Bitcoin (BTC) still have the potential for recovery.

Conclusion

With gold reaching new heights and Bitcoin (BTC) struggling to keep up, the global market is currently exhibiting complex dynamics. Investors may need to weigh more deeply between the safety of gold investments and the long-term profit potential of Bitcoin (BTC). As current analysis and trends show, both assets have their role in a diversified investment portfolio.

Also Read: Ripple (XRP) Price Surge Predicted After Crypto Wallet Launch in March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News Flash. Gold Surges: Can Bitcoin Match the Rally?. Accessed on March 18, 2025
• Featured Image: Generated by AI