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

On March 17th, Matrixport announced that gold prices have broken through historical highs, further strengthening Bitcoin's "digital gold" narrative. This trend has gradually emerged since gold surpassed $2000 in the summer of 2023. At present, gold is not only regarded as a hedging tool against US debt inflation, but also as a hedge asset to avoid tariff risk. With institutions such as BlackRock driving market sentiment towards Bitcoin, the status and momentum of Bitcoin and gold as alternative assets continue to rise. Although gold breaking through $3000 or Bitcoin touching $100000 may trigger short-term consolidation, the overall upward trend is expected to continue.