President Donald Trump’s latest announcement on 25% car rates has led investors to flock to gold as tensions have been renewed in global markets.
It didn’t take long for bullion to reach another record high as the price hit a history high of $3,059.30 on March 27th. Precious Metal hit a record-breaking ATH of 17 people in 2025.
By contrast, Bitcoin, dubbed “digital gold” by Crypto enthusiasts, has been in the range in the price range of $84,000-$88,000 for the past seven days. Despite trader expectations, BTC was unable to break out of range. According to Kraken’s prices, it was trading at $87,156.91 at the time of press.
In fact, the broader crypto market has been in a broader spiral for the past few days, as its market capitalization fell 1.3% to $2.95 trillion within the last 24 hours.
Goldbull and economist Peter Schiff responded quickly to the development of the market. Schiff, a well-known Bitcoin skeptic, was posted on X (formerly Twitter) for the loss of confidence in the US dollar and for the certainty that inflation rates will far exceed 2%, although gold has not risen due to uncertainty.
Schiff also highlighted the decline in the value of stocks, bonds and Bitcoin during the gold rally.
Gold’s market capitalization rose to about $20.5 billion within a year, up to about $7 billion within March 26th. By contrast, Bitcoin’s market capitalization was only $1.7 trillion.
Gold has traditionally been considered a hedge against inflation. Crypto lovers believe that Bitcoin, the so-called “digital gold,” should serve the same purpose. However, Crypto remains far behind traditional assets in terms of valuation.