Gold prices have broken through 1400 yuan per gram, setting a new historical high!! Will this wave of traditional safe-haven asset frenzy drive "digital gold" to take off? 💥💥
The breakthrough in gold prices actually needs to be viewed from two sides:
On the positive side, the rise in gold prices indicates that everyone is looking for safe places to invest, not wanting to just keep their money in the bank, which provides an opportunity for Bitcoin, the "digital gold," to shine. If funds are looking for new avenues, perhaps they will flow into the crypto space.
But we must remain calm; when the overall environment becomes tense, the crypto market is often treated as a high-risk asset and gets hit first. Moreover, the soaring gold prices may attract stricter regulations, which is a risk that retail investors should be cautious about.
Next, it is crucial to see if $BTC can rise alongside gold, as this will be a good touchstone.
To put it bluntly, this new high in gold prices is not entirely a good thing for the crypto market; it feels more like a stress test. Only by withstanding the turmoil and proving its ability to handle matters independently can "digital gold" find its way forward.
As for when the market will present the best entry point, Sister Min will inform fans immediately when she sees a good opportunity to enter, so let’s go and seize the profits gogo go😁😁
