Gold is just a breath away from $4K: Here’s what it means for Bitcoin
Gold futures reached $4,000 per ounce for the first time amid surging demand for safe-haven assets. Analysts predict Bitcoin will follow suit.
Gold prices have come within a few dollars of a milestone all-time high of $4,000 as investors escape to safe-haven assets — a trend that also looks bullish for Bitcoin.
Prices for futures for gold tapped $4,000 per ounce for the first time early on Tuesday morning, while spot prices reached an all-time high of $3,976, according to TradingView.
“Gold is at a new record high,” observed goldbug and Bitcoin critic Peter Schiff on Tuesday. “This is a clear warning that current Fed policy is wrong,” he added, calling for the US central bank to “reverse course immediately,” and raise interest rates.
