3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally
Cointelegraph
Published Aug 05, 2020 05:18PM ET
Updated Aug 05, 2020 07:00PM ET
The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase.
As the three assets see stronger momentum altogether, there are three factors to consider. These are: gold’s correlation with Bitcoin, the effect of the declining U.S. dollar on alternative assets, and increased liquidity stemming from aggressive monetary policies from central banks.
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Written By: Cointelegraph
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