The post Gold, Bitcoin surge after Trump says ‘he who has the gold makes the rules’ appeared on BitcoinEthereumNews.com.

Key Takeaways Gold reached a record $3,384, and Bitcoin surged to $87,500 following Trump’s statement. A synchronized rally between Gold and Bitcoin suggests potential market uncertainty and a weaker US Dollar. Gold and Bitcoin, commonly referred to as ‘digital gold,’ climbed higher during early Asian trading after Trump reignited attention to these top assets. In a post on Truth Social, the president declared, “THE GOLDEN RULE OF NEGOTIATING AND SUCCESS: HE WHO HAS THE GOLD MAKES THE RULES.” The statement, which touched on the age-old link between wealth and power, sparked a strong market reaction. Gold hit a record $3,385, gaining nearly 2% in 24 hours, according to TradingView. Bitcoin also rallied, rising about 3% to $87,500. The token is up 4.5% over the past week. Trump’s weekend comment wasn’t out of character, given the fact that he had made similar remarks before. Although it may seem tied to recent gains in Bitcoin and gold, analysts believe the real momentum comes from ongoing US-China tensions and growing economic uncertainty. Commenting on the rare synchronized rally of gold and Bitcoin, The Kobeissi Letter said it signals a growing consensus among investors that uncertainty is building and the US dollar may be headed lower. “Gold has hit its 55th all-time high in 12 months, and Bitcoin is officially joining the run, now above $87,000. The narrative in both Gold and Bitcoin is aligning for the first time in years: Gold and Bitcoin are telling us that a weaker US Dollar and more uncertainty are on the way,” The Kobeissi Letter stated. The US dollar index plunged to a three-year low in early Asian trading on Monday. According to ZeroHedge, the sharp decline was driven by mounting market fears following comments from National Economic Council Director Kevin Hassett, who indicated that President Trump…

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Filed under: News - @ April 21, 2025 4:26 am