Matrixport: Gold outperforms Bitcoin by about 80% in the past year

Matrixport released a chart indicating that gold prices continue to be strong, effectively breaking through the previous pressure range. In the summer of 2023, when the gold price approached the $2000 mark, it suggested that the key price level would break through the accumulation of momentum. With Trump and the US Department of Justice serving grand jury subpoenas to Federal Reserve Chairman Powell, market concerns about the Fed's independence have escalated. The damaged institutional credibility provides structural support for gold and may push central banks around the world to reduce their dependence on the US dollar and promote diversification of foreign exchange reserves. Horizontal comparison shows that gold has performed outstandingly compared to Bitcoin in the past year, outperforming by about 80%. The current momentum is still strong, and the trend structure is biased. The strategy of following the trend has advantages.