What may or may not have been a blow -up peak last week in the price of gold seems to have drawn Bitcoin (BTC) and this trend could be set to continue.

Already among the best priesting global assets in recent months, Gold Rally drifted to new heights in the weeks following President Trump’s Liberation Day Customs in early April.

The price eventually peaked over $ 3,500 per Ounce on April 21, with Bitcoin at the time changing hands to $ 87,000 – about flat from Liberation Day, but lower by approx. 20% from its record height hit in January.

However, as gold has tumbled almost 10% at its current price just over $ 3,200 per day. Ounce. At the same time, Bitcoin has gathered approx. 10% to a two -month height of $ 97,000.

“I think Bitcoin is a better hedge than gold against strategic redistribution of active out of the United States,” said Standard Charteres Geoff Kendrick.

Kendrick noted that the ETF flow situation has turned together with the award, with money on the way into Bitcoin funds that waves the past that went into gold funds.

Furthermore, Kendrick said was the last time Bitcoin Etf flowers had such a broad margin over gold, the week of the US presidential election. Two months later, the price of Bitcoin had risen more than 40% to over $ 100,000.