Recent history reveals a close relationship between Bitcoin (BTC) and gold prices, with the former often following the latter’s movements. When gold prices hit record highs in April 2023, analysts saw signs of a possible trend for Bitcoin, mirroring its previous surge in response to historical gold price increases. In 2017, when gold prices soared by 30%, it sparked an equally impressive rally in Bitcoin’s value. A similar dynamic played out during the COVID-19 pandemic in 2020, where gold’s ascent coincided with a surge in Bitcoin to $69,000 in 2021. This pattern suggests that when investors seek refuge from economic uncertainty and explore alternative assets to hedge against the US dollar’s volatility, both Bitcoin and gold often experience upward momentum.