Gold reached a new high today, breaking $5550!
Bitcoin fell below $88000 again in the morning session today.
What is the relationship between gold and Bitcoin?
In fact, gold and Bitcoin have never been "safe-haven assets in the same moment and role."
Gold is usually a "confirmed safe haven."
It rises often when risks have been confirmed by mainstream capital.
For example, inflation, geopolitical tensions, and interest rate expectations are repeatedly priced in, with capital seeking "stability" and "certainty."
Bitcoin, on the other hand, is a repricing asset after risk transfer.
It rarely performs well in the "first moment of panic"; instead, it is often treated as a high-volatility risk asset during true safe-haven situations and is sold off to cover margins or to buy cash/U.S. Treasuries/gold.
This manifests as: a decline instead of a rise, or just stagnation.
For instance, on the day of the Russia-Ukraine war, it fell sharply instead of rising.
The patterns that have repeatedly appeared in history actually have rules, such as:
Phase 1: Risk explodes → Gold rises, BTC remains stable or even falls.
Phase 2: Gold FOMO → Volatility converges or corrects.
Phase 3: Risk sentiment eases + liquidity returns → BTC starts to catch up.
So, if gold corrects, will BTC immediately catch up?
There is no absolute correlation to this question.
If gold's short-term sentiment is overheated and profits are taken.
However, if macro liquidity is not tightened, Bitcoin may catch up or rebound.
But if risks escalate again, the dollar strengthens, and liquidity is withdrawn, Bitcoin may still fall and lead the decline in gold.
Thus, gold does not directly influence Bitcoin's bullish or bearish trends but affects the macro events behind gold, the dollar, and liquidity.
When you see gold stabilizing without FOMO, the market calm, and the world peaceful without panic,
it might be a real signal for Bitcoin to move.
