The financial markets are encountering a new era, a time when the multipolar currency agenda is shaping the world. Currency alternatives are rising at a rapid pace, giving stiff competition to the US dollar from all corners. In this wake, Bitcoin and gold have emerged as the top performers of 2024, an unlikely duo that continues to shake the financial realms at an astonishing pace.
Also Read: Ripple Shock: Chairman Moves 50 Million XRP After 11 Years!
The Best Asset Duo of 2024
According to Charlie Bilello, a notable financial analyst, Bitcoin and Gold have emerged as the top performers of 2024. The expert claimed it’s unlikely to see such different assets trending simultaneously at the number one and two spots.
Bilello took to X to share a compelling insight, adding how BTC has surged 43% and Gold has surged 29% in 2024.
“Bitcoin (+43%) and gold (+25%) are the top performing major assets in 2024. We’ve never seen these two in the #1/#2 spots for any calendar year.”
The consistent derailment of the US dollar due to rising US debt metrics and its weaponization has triggered the vast investor sentiment shift.
Bitcoin and gold are spiking at a rapid pace due to the volatility fears currently raging in the realm of finance. Investor sentiment is treating BTC and Gold as effective hedges during times of economic stress, helping the asset values spike in the process.
Also Read: Dogecoin’s Sister Rises 965% In a Day
Will BTC and Gold Rally Continue Ahead?
According to CoinCodex, Bitcoin is poised for a major uphill climb. The token may claim a new high by the end of 2024. CC predicts that the token may spike to hit $86K by the end of this year.
At the same time, gold is charting its own unique price path. If the user sentiment agrees with the assets throughout, AUX can soon claim a new high of $3000.
As noted finance expert Rashad Hajiyev says, gold has broken its six-month consolidation and is climbing high on the radar to hit a new ATH.
If the market supports the asset, Gold can claim its new high of $3000 very soon, possibly by the end of 2024.
Also Read: Binance BNB Weekly Price Prediction: Can It Hit $580 This Week?