BTC/Gold Index Sees Biggest Single-Day Surge Since 2022 Following Trump’s Election Win

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BTC/Gold Index Sees Biggest Single-Day Surge Since 2022 Following Trump’s Election Win - BitcoinWorld

Quick Summary:

BTC/Gold Index Sees Biggest Single-Day Surge Since 2022 Following Trump’s Election Win The BTC/Gold index soared by 12% on November 6, marking Bitcoin’s most significant single-day outperformance against gold since early 2022, according to CoinDesk, which cited TradingView data.

As funds and corporations allocate portions of their portfolios to Bitcoin, demand pressures may drive Bitcoin’s price higher, widening the gap with gold.

Anticipation of Regulatory Clarity: Trump’s pro-Bitcoin stance has bolstered expectations for regulatory policies that could make it easier for institutions to adopt and hold Bitcoin, thereby strengthening its appeal as a mainstream asset.