Gold And Bitcoin Explode After The Rate Cut! But Who Will Drop First?

The recent interest rate cut by the FED has propelled gold and Bitcoin to historic highs. With gold surpassing $2,629 an ounce and Bitcoin reaching over $64,000, the question remains: which of these assets will fall first in the face of economic uncertainties?

Gold and Bitcoin: The Battle of the Highs After the Rate Cuts!

The recent interest rate cut by the FED has had a significant impact on financial markets, particularly on gold and Bitcoin. Gold reached a new all-time high, surpassing $2,629 an ounce with a 5% increase! Meanwhile, Bitcoin saw a notable rise, reaching over $64,000 with an increase of more than 8%.

These increases are mainly due to the lowered interest rates, which have made non-productive assets like gold and Bitcoin more attractive to investors seeking protection against inflation and economic uncertainties.

For early 2025, Wall Street analysts see the price of gold around $2,700. As for Bitcoin, its price could reach between $80,000 and $100,000 for the most optimistic, and $70,000 for the more realistic. Until then, which of the two will collapse first?

Which of the Two Will Collapse First?

The question of which, between gold and Bitcoin, will fall first is complex. Gold, as a traditional safe haven, might be more resilient to economic fluctuations. However, Bitcoin, despite its volatility, attracts investors seeking high returns and diversification of their portfolios.

Furthermore, the underlying technology of Bitcoin, blockchain, continues to attract attention for its potential applications beyond cryptocurrencies. Ultimately, the resilience of gold and the growing popularity of Bitcoin make it challenging to predict which might fall first, as it will depend on many economic, technological, and geopolitical factors.

With gold surpassing $2,629 and Bitcoin reaching over $64,000, it is difficult to predict which will fall first. Economic fluctuations and political factors like the upcoming U.S. presidential election will play a crucial role in their evolution.