How Trump's Trade War Is Affecting Bitcoin and Gold
Gold and Bitcoin, both considered stores of value, have diverged in their performance amid President Trump's trade policies. Recent tariffs imposed by Trump have rattled markets, leading investors to favor traditional safe-haven assets like gold. As a result, gold prices surged to a new high, while Bitcoin's value declined significantly, falling below $93,000. Experts suggest that Bitcoin's correlation with gold has diminished, with Bitcoin behaving more like a high-risk asset rather than a safe haven. This shift is attributed to Bitcoin's volatility and its appeal to speculative investors alongside stocks. While Bitcoin's long-term potential as a store of value remains, gold continues to be preferred during economic uncertainty, particularly given the unpredictability surrounding Trump's actions. As Trump navigates tariffs with various countries, the crypto market responds to these developments, demonstrating a clear separation in the asset behaviors.
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