{"id":141674,"date":"2024-11-07T19:30:11","date_gmt":"2024-11-07T17:30:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141674"},"modified":"2024-11-07T14:15:35","modified_gmt":"2024-11-07T12:15:35","slug":"bitcoin-outpaces-gold-post-election-as-investors-flock-to-crypto","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-outpaces-gold-post-election-as-investors-flock-to-crypto\/","title":{"rendered":"Bitcoin Outpaces Gold Post-Election as Investors Flock to Crypto"},"content":{"rendered":"

The BTC-Gold ratio saw a sharp 12% increase on November 6, the day after Donald Trump\u2019s victory, marking Bitcoin\u2019s<\/a> <\/strong>most significant gain against gold since February 2022, as per TradingView data.<\/p>\n

This rise in Bitcoin\u2019s value highlights a growing trend of capital flowing from traditional safe-haven assets like gold toward the digital currency. Analysts are now predicting that Bitcoin could reach up to $80,000 by year-end, fueled by recent upward momentum and a decline in gold\u2019s appeal.<\/p>\n

The shift is largely driven by macroeconomic factors, including currency depreciation and the expectation of more crypto-friendly policies under the Trump administration. According to Noelle Acheson, author of Crypto Is Macro Now, the reversal of the gold market\u2019s downtrend that began in March marks a critical moment for Bitcoin. She adds that global investors are taking note of the changing dynamics, and Bitcoin\u2019s continued growth seems promising.<\/p>\n