The post Gold Hits Record $3300 High Reigniting BTC Digital Gold Debate appeared on BitcoinEthereumNews.com.

Gold tops $3,300/oz, printing a massive weekly green candle   Central banks continue accumulating gold amid global uncertainty   Bitcoin may benefit from gold’s momentum as macro hedges align   Gold soared past the $3,300 per ounce mark today, hitting a new all-time high in a sharp rally experts link to growing central bank demand, geopolitical tensions, and dollar devaluation concerns.  This surge immediately reignited discussions around Bitcoin’s role as potential “digital gold,” with analysts watching if the two assets might rise together. At its peak (08:15 UTC), spot gold broke above $3,316 before pulling back slightly, yet it remains firmly above the $3,300 level. This record high capped a week of strong bullish momentum for gold, including a nearly 2 percent climb in one session, resulting in its strongest weekly candle close in years. According to Bloomberg data, record gold accumulation by central banks, especially China and India, has added long-term strength to bullion markets, while investors increasingly hedge against inflation, debt monetization, and geopolitical unrest. Related: Could April Trigger Altcoin Season? Van de Poppe Links ETH Strength to Gold Dip How Do Analysts View Bitcoin’s Role Versus Gold’s Dominance? Analyst Michael van de Poppe previously suggested a Gold pullback might be needed for a broader market shift. Historically, strong, extended safe-haven rallies often see corrections. However, Tim Kotzman, host of the Bitcoin Treasuries podcast, recently noted that “Gold will continue to be the sleeping giant of legacy finance, while Bitcoin will slowly creep into institutional portfolios and public treasuries.”  Market strategists believe gold’s breakout could create a ripple effect in crypto markets, especially if global fiat devaluation continues and the U.S. Federal Reserve signals dovish shifts at upcoming FOMC meetings. Why Are Bitcoin and Gold Both Gaining Favor Against Fiat Currencies? Meanwhile, Bitcoin continues to trade near the $83,000 level, as…

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Filed under: News - @ April 16, 2025 8:26 pm