Bitcoin is declining against gold, testing the safe haven.

Bitcoin and Gold: Different Paths

Gold is achieving significant gains due to expectations of interest rate cuts and increasing geopolitical risks. This situation paints a difficult picture for Bitcoin. The cryptocurrency struggles to maintain important levels.

Bitcoin's performance is being pressured by market positioning and macroeconomic factors, further highlighting its contrast with Gold. Gold is traditionally regarded as a reserve asset.

Growth in Gold-Backed ETFs

Gold-backed exchange traded fund (ETF) products are experiencing steady growth. Leading banks are making predictions that prices will increase even further in the coming years. In this context, it is becoming one of the areas drawing investors' attention.