How Trump Pushed Gold and Bitcoin Prices Up?

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The US Dollar has touched its lowest point in three years, creating significant pressure on financial markets. This pressure increased from President Donald Trump's new global tariffs. Trump boldly declared: "Whoever has gold makes the rules". This statement could not be ignored.

Gold prices reached a new All-Time-High, while Bitcoin also climbed to its highest level in weeks, surprising many investors. After Trump's post on Truth Social, gold prices surged to an ATH of $3,350, increasing 1.5% in just one day. Simultaneously, Bitcoin rose 4%, reaching around $87,500, its highest point in three weeks.

Some experts believe Trump's statement about gold could be a response to China's massive gold purchases. In February 2025 alone, China bought approximately 50 tons of gold. This clearly demonstrates their interest in controlling the global gold supply.

In this context, the reputable crypto analyst Crypto Rover suggested that the US should sell gold and instead start buying Bitcoin. Meanwhile, the US Dollar index dropped sharply, reaching its lowest point in three years, causing traders to worry about Trump potentially removing Federal Reserve Chairman Jerome Powell.

The significant USD depreciation caused traders to panic, leading to USD sell-offs. At that time, Bitcoin broke through its old pattern. Typically, when the USD declines, Bitcoin tends to follow, but this time, it moved in the same direction as gold. This might indicate that investors are beginning to view Bitcoin as a safer long-term asset.

The crypto analyst Zerohedge believes this change could be a "regime shift" in Bitcoin's behavior. Currently, Bitcoin is trading around $87,470, reflecting a near 3% increase and a market Capital of $1.73 trillion.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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