The price movements of gold and Bitcoin(BTC) are currently exhibiting a notable synchronization, challenging the widely-held perception that gold is a secure asset while Bitcoin carries more risk. The extended period of high Bitcoin prices has engendered growing confidence among investors, leading to an increasingly parallel price trend with gold, defying conventional expectations.

While Bitcoin(BTC) has displayed greater volatility, the overall trajectory has closely mirrored that of gold. Experts attribute this phenomenon to the enduring high prices of Bitcoin, which have cultivated a strong belief in its intrinsic value among market participants, resulting in a convergence with gold's price trend. In recent times, a growing number of experts have begun evaluating Bitcoin's value on par with gold.

At the time of writing, Bitcoin(BTC) and gold are traded at roughly $26,400 per coin and $1,940.45 per ounce, respectively.

Source(KR): SEOUL ECOONOMIC DAILY