Matrixport: Gold breaking through $3000 or BTC reaching $100,000 may trigger short-term consolidation
PANews reported on March 17th that Matrixport stated the price of gold has broken historical highs, further strengthening Bitcoin's narrative as "digital gold". This trend has gradually emerged since the summer of 2023 when gold broke through $2000. Currently, gold is not only seen as a hedge against US debt inflation but also as a safe asset to avoid tariff risks.
With institutions like BlackRock driving market sentiment for Bitcoin, both Bitcoin and Gold continue to gain status and momentum as alternative assets. Although a breakthrough in gold prices to $3000 or Bitcoin reaching $100,000 may trigger short-term adjustments, the overall upward trend is expected to continue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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