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2025-04-21 06:44:29

Trump Just Sent Gold and Bitcoin Flying – Here’s What He Said

The post Trump Just Sent Gold and Bitcoin Flying – Here’s What He Said appeared first on Coinpedia Fintech News The U.S. dollar has hit its lowest point in three years, and markets are feeling the heat. As financial pressure rises from President Donald Trump’s new global tariffs, he made a bold claim: “He who has the gold makes the rules.” This powerful message didn’t go unnoticed. Gold hit a new record high, while Bitcoin climbed to its highest level in weeks, surprising many investors. Trump: “He Who Has the Gold Makes the Rules” Over the weekend, Donald Trump posted on Truth Social, saying , “He who has the gold makes the rules.” This statement came when markets were already nervous, and Trump’s words only added to the pressure. Meanwhile, shortly after Trump’s post, gold prices surged to a new all-time high of $3,350, gaining 1.5% in a single day. At the same time, Bitcoin also rose by 4%, reaching around $87,500, its highest level in three weeks. Some experts believe that Donald Trump’s recent comments about gold may be a response to China’s massive gold buying. In February 2025 alone, China reportedly purchased around 50 tons of gold, showing its strong interest in controlling more of the world’s gold supply. Thus, prominent crypto analyst Crypto Rover suggests that the U.S. should sell its gold and start buying Bitcoin instead. Dollar Drops as Fear Around Fed Grows While gold and Bitcoin were climbing, the U.S. dollar index dropped sharply, hitting a three-year low. This fall happened as worries grew over Trump’s possible plan to remove Federal Reserve Chairman Jerome Powell. Reports say Trump may want more control over U.S. monetary policy, which is making traders nervous and pushing them to sell dollars. Bitcoin Breaks Its Old Pattern What surprised many is how Bitcoin moved differently this time. Normally, when the dollar falls, Bitcoin sometimes drops too. But this time, it has moved in the same direction as gold, which might mean investors are starting to see it as a safer long-term asset too. However, pseudonymous crypto analysts Zerohedge called this change a possible “regime shift” in how Bitcoin behaves. As of now, Bitcoin is trading around $87,470, refglecting a rise of almost 3% seeing its market cap hitting $1.73 trillion.

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