Bitcoin & Gold Prices Surge: Bitcoin Hits New High, Gold Near Record
Bitcoin and gold prices have surged significantly over the past three years, with Bitcoin's value increasing by over 500 percent and gold's by 134 percent. Recent records include Bitcoin's price above $126,000 and gold's near $3,986 per ounce.
On Monday, Bitcoin reached an all-time high, while gold ended the day at $3,972 after a record rally. Precious metals have been on a roll, rising by nearly $200 or six percent in the past seven trading days. Since the end of 2024, Bitcoin has risen by 31 percent, while gold has increased by 51 percent. However, gold has outperformed Bitcoin in recent months, with gold's year-to-date gain of around 51 percent being its strongest since 1979.
Currency expert Thu Lan Nguyen attributes gold's price increase to political and fiscal risks, not US interest rates. The partial closure of US government offices on Monday also contributed to gold's nearly two percent gain. Over the past three years, gold's price has more than doubled, rising from around $1,823 to over $4,040, driven by geopolitical tensions and economic factors. Bitcoin, too, has experienced a strong rise, surpassing the $100,000 mark in December 2024, reflecting a more than sixteenfold increase over about four years, supported by growing institutional acceptance and market developments.
Both Bitcoin and gold prices have seen remarkable growth over the past three years, with Bitcoin's increase outpacing gold's initially but gold gaining momentum recently. Market experts attribute these increases to various factors, with political and fiscal risks being particularly influential for gold. As these assets continue to perform strongly, investors keep a close eye on their progress.
