Gold hit a new high today, breaking through $5550! Bitcoin fell below $88000 again in early trading today What is the relationship between gold and Bitcoin? In fact, gold and Bitcoin have never been safe haven assets that play the same role at the same time. Gold is usually a 'confirmed safe haven' It often rises when the risk has been confirmed by mainstream funds For example, inflation, geopolitics, and interest rate expectations are repeatedly priced, and funds pursue "stability" and "certainty" Bitcoin is a repriced asset after risk transfer, It rarely performs well in the "first moment of panic", but often: it is treated as a high volatility risk asset when it is truly safe haven, sold to replenish margin, and bought cash/US bonds/gold Manifesting as: not rising but falling or pretending to be dead sideways For example, on the day of the Russo Ukrainian War, there was no increase but a sharp decline The paths that repeatedly appear in history actually have patterns, such as Phase 1: Risk outbreak → Gold rises, BTC remains stable or even falls Phase 2: Gold FOMO → Convergence or pullback of volatility Phase 3: Risk sentiment easing+liquidity return → BTC only begins to rebound So if gold rebounds, will BTC immediately make up for it? This issue is not absolutely related. If the short-term sentiment of gold becomes overheated and profits are taken. But macro liquidity has not tightened, and Bitcoin may experience a rebound or rebound. But if the risk escalates again, the US dollar strengthens, and liquidity is drained, Bitcoin may still fall and lead the decline in gold. So gold will not affect Bitcoin long short, but it will affect the macro events, the US dollar, and liquidity behind gold. When one day you see that gold is no longer FOMO stable, the market is calm, and the world is peaceful without panic Perhaps it is a signal that Bitcoin is truly moving. BTC Gold