Bitcoin Lags Behind as Gold Hits Historic Highs—Will the Trend Flip?

Gold Hits $3,000 for the First Time, Outpacing Bitcoin—But for How Long?

Gold surged past $3,000 per ounce for the first time before pulling back to $2,990, marking a major milestone for the precious metal. April gold futures also crossed the $3,000 threshold on Thursday as investors flocked to safe-haven assets.

Why Is Gold Rallying?

Gold has risen over 15% this year, driven by:

  • Strong ETF inflows, as demand for gold-backed funds surges.
  • Geopolitical tensions, fueling risk-off sentiment.
  • Stock market concerns, as former President Donald Trump’s tariff discussions add uncertainty.

Despite the rally, gold priced in British pounds remains below its all-time high of £2,363, currently trading about £300 lower.

Gold and Bitcoin ETF Flows Signal a Shift

According to Charlie Morris, founder of ByTree and manager of the BOLD ETF, which holds both Bitcoin and gold, ETF flows suggest an interesting trend.

“Gold ETFs have pulled in $10 billion over the past 30 days, while Bitcoin ETFs have lost $5 billion,” said Morris. “These flows tend to reverse over time, meaning Bitcoin could soon regain momentum.”

With gold hitting historic highs and Bitcoin struggling with ETF outflows, investors are left wondering: Is Bitcoin due for a comeback, or will gold continue its dominance?

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