Market turbulence is intensifying as investors pull back from traditional safe-haven assets, raising fears that gold’s recent strength may be nearing exhaustion while bitcoin faces its own correction risk. Geoff Kendrick, global head of Digital Assets Research at Standard Chartered, warned on Wednesday that the balance between the two assets is shifting under the pressure of renewed U.S.-China trade tensions and tightening global liquidity. His analysis suggests gold’s dominance could soon fade, with bitcoin poised to reclaim momentum once the current pullback stabilizes.

Kendrick highlighted that recent market flows show an early shift from gold into bitcoin. He explained: “Gold v bitcoin flows. Yesterday’s sharp gold selloff coincided with a strong intra-day bounce in bitcoin. This was presumably a sell gold, buy bitcoin flow.” The analyst added:

Medium term, I expect more of this, and further such evidence would be constructive for a bitcoin low being formed. Gold has been outperforming bitcoin a lot recently … something which has perhaps started to turn.

The observation points to a potential rotation in investor sentiment, suggesting that bitcoin may start to reassert itself as a more dynamic store of value compared with gold.

Despite short-term volatility, Kendrick maintained a bullish long-term stance on bitcoin. He opined:

I am now thinking a dip below $100K seems inevitable, although the dump may be short-lived … Stay nimble and ready to buy the dip below $100K if it comes. It may be the last time bitcoin is EVER below $100K.

His analysis underscores a growing view among institutional strategists that tightening liquidity, global risk factors, and shifting capital flows could collectively set the stage for bitcoin to outperform gold in the coming cycle.

• What does Standard Chartered’s analysis suggest about the gold vs bitcoin market trend?
  Kendrick indicates a potential rotation from gold to bitcoin, signaling that bitcoin could regain momentum as gold’s recent strength fades.
• Why are investors shifting away from traditional safe-haven assets like gold?
  Renewed U.S.-China trade tensions and tightening global liquidity are prompting investors to seek more dynamic stores of value, such as bitcoin.
• How does Standard Chartered’s view position bitcoin for long-term investors?
  Kendrick maintains a bullish long-term outlook, suggesting that any dip below $100K could present a rare buying opportunity before bitcoin resumes higher growth.
• What are the broader investment implications of this shift from gold to bitcoin?
  The evolving capital flow dynamics imply that institutional and retail investors may increasingly favor digital assets as part of a diversified portfolio strategy in the next market cycle.

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