Bitcoin Reclaims $90,000: Is ‘Digital Gold’ Heading To $100,000 Next?
Bitcoin (CRYPTO: BTC) on Tuesday surged past the $90,000 mark for a 2.5% daily gain, as experts point to its growing perception as a safe-haven asset akin to “digital gold” amid a weakening U.S. dollar and market volatility.
What Happened: The rally, which saw Bitcoin hit a high of $90,480, coincides with gold reaching new highs and U.S. equities sliding to tariff-era lows, prompting analysts to reevaluate the cryptocurrency’s role in portfolio diversification.
Speaking with Benzinga, Tracy Jin, COO of MEXC, emphasized Bitcoin’s resilience, noting that its tandem rally with gold signals a shift in investor perception.
“Bitcoin’s ability to post gains is reshaping investor perception,” Jin said, highlighting its potential decoupling from risk-on assets.
She suggested that persistent strength could drive institutional inflows in Q2, potentially pushing Bitcoin to all-time highs between $150,000 and $200,000, provided it holds support …
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