Since Trump was elected, Bitcoin has gone crazy and has exceeded $100,000, an increase of more than 40%. And gold began to go downhill from the moment Trump began to lead in the electoral vote.

Trump said that Bitcoin will be included in the national reserve, and such behavior will obviously challenge the reserve value of gold. Even Federal Reserve Chairman Jerome Powell acknowledged this in a speech last week.

In the past November, the reserve data released by the Central Bank of China showed that after six months, China began to increase its gold holdings again. This seems to be a landmark thing. In the past six months, gold has just broken through the previous top of 2,400+ US dollars and continued to rise. After half a year, the central bank has once again increased its gold holdings. The current gold reserves held by the central bank have reached 2,068 tons! Market value exceeds 200 billion US dollars! In fact, not only the Central Bank of China, but also the central banks of major countries in the world are increasing their gold holdings!

Now, China and the United States seem to be in a showdown, both looking for their own new anchors of value.

In the past ten years or so before this year, it can be said that gold and Bitcoin have been positively correlated for most of the time, and their logic is almost the same, that is, in response to the over-issuance of the US dollar, they both have anti-inflation and hedging properties. a role. So at that time, Bitcoin was still called electronic gold. But since this year, the relationship between the two has changed, and it has begun to become a competitive relationship. It is obvious that Bitcoin is currently dominant, not only in terms of price increase, but also in the total amount of capital inflows. If it continues to rise, the total value of Bitcoin will exceed the value of all gold stocks in the world.