TechFlow news, September 3: Matrixport released a chart today stating, "Gold has broken through the $3,400 level, overcoming the key resistance level seen over the past four months. Well before BlackRock introduced the concept of 'digital gold,' we highlighted gold's investment value and its correlation with Bitcoin.
We first recommended allocating to gold in the summer of 2023, when prices were approaching a breakout above $2,000. Gold is now trading at $3,600 and may further rise toward $4,000, achieving a 100% return on this strategy within two years.
Despite no significant monetary easing, gold continues to rise, indicating that forward-looking investors are increasingly allocating to both gold and Bitcoin simultaneously. Bitcoin is currently consolidating, but its long-term outlook remains firmly bullish."
