TechFlow reported on March 17 that Matrixport published an analysis stating, "As gold hits record highs, the bull case for Bitcoin is further strengthened. Since gold broke above $2,000 in the summer of 2023, this positive signal has marked a clear shift in market sentiment. BlackRock has further advanced the narrative of Bitcoin as 'digital gold,' helping drive price appreciation.
Initially viewed as a hedge against the expansion of U.S. debt, gold is now also seen as a safe-haven asset to avoid risks related to U.S. tariffs. Regardless of how the current narratives are interpreted, the status of both gold and Bitcoin as alternative assets is rising, with increasing momentum.
Although key psychological levels—such as gold breaking $3,000 or Bitcoin reaching $100,000—could trigger short-term consolidation, the overall upward trend is expected to continue."
