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Matrixport: Gold breakthrough strengthens Bitcoin bull market logic, alternative asset momentum rises
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Matrixport: Gold breakthrough strengthens Bitcoin bull market logic, alternative asset momentum rises

On March 17, Matrixport said that the price of gold exceeded a record high, further strengthening Bitcoin's "digital gold" narrative. Since gold exceeded US$2000 in the summer of 2023, this trend has gradually emerged. Currently, gold is not only regarded as a hedging tool against the expansion of U.S. debt, but also a safe-haven asset to avoid tariff risks. As institutions such as BlackRock promote market sentiment in Bitcoin, the status and momentum of Bitcoin and gold as alternative assets continue to increase. Although gold breaking through $3000 or Bitcoin hitting $100,000 may trigger short-term consolidation, the overall upward trend is expected to continue.

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