Gold and bitcoin were the top two investment options in 2018. Both have thrived despite the uncertainty of macroeconomic conditions. How will gold react when the market for digital assets is about to open?
You can also find out more about the following: Bitcoin Halving event The date for the event has been set to April 19th. In addition, gold continues to hold its ground as a safe haven, maintaining its $2330 price despite mediocre inflation figures. BTC could surpass gold in terms of investment due to the impact that the BTC supply will have on the future.
![bitcoin btc gold prices cryptocurrency xau usd](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/How-Will-it-React-to-the-Bitcoin-Halving.jpg)
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Can the gold price be threatened by the upcoming Bitcoin halving?
Throughout the year 2024, gold and Bitcoin have been clear winners for investors. In the first place, bitcoin has reached many all-time records since its rise in value last December. BTC also reached a record high last month of $73,000 following the January approval of Spot Bitcoin exchange-traded funds.
But the presence of both assets have begun to generate a natural competition. Investors, particularly in uncertain macroeconomic conditions, are focused on creating the most optimistic scenarios. In light of this, investors have begun to speculate about what might happen with the Gold prices in the near future.
Peter Brandt is one of those who have brought the conversation into the spotlight. The icon trader took to X (formerly Twitter) To share his opinions on the battle for the assets. In the post he made, it was clear which side he supported and how that trend supported this position.
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“Some on X claim that Bitcoin is dead and gold is the new king?” Brandt said. “Really? It is all a matter of time frame, but the one-year trend right now does not favor gold.” Brandt also noted that Bitcoin has been the leading asset since its inception.
Additionally, billionaire Steve Cohen Recent discussions have focused on the assets. Recently, he told CNBC that the two assets are his. “a little bit” Bitcoin was the topic of his discussion. Then, he discussed it with the network. “maybe it’s the new gold.” This question has sparked further debate on the current competition.
What is the clear leader in a two-horse race?
![bitcoin btc running race rally relay](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Bitcoin-Predicted-To-Reach-100000-in-September-2024.jpg)
![bitcoin btc running race rally relay](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Bitcoin-Predicted-To-Reach-100000-in-September-2024.jpg)
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The competition has been increasing all year long. Both metals and digital currency have seen a surge in demand due to uncertainty on the economy and the need for diversification.
Brandt appears to have some validity. Bitcoin is gaining momentum, and it seems to be the better investment than gold for the time being. Adoption of this asset has been accelerated in the past year.
BTC is gaining in popularity and adoption.
The situation will only get worse as the Bitcoin halves event nears. This will increase the value of Bitcoin even more. Due to its scarcity, it should be able to surpass Gold. The digital asset will therefore be at the top of investors’ minds and become the best haven.
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Source: watcher.guru