Gold

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<ul> 
 <li>Bitcoin Hits $41,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> surging by to a 19-month high; gold peaks.</li> 
 <li>Matrixport insights says BTC could reach $125K by 2024, driven by halving.</li> 
 <li>Potential spot <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">Bitcoin ETF</a> approval fuels bullish market sentiment.</li> 
</ul> 
<p>In a remarkable turn of events, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener nofollow">Bitcoin (BTC)</a> has broken through the $41,000 mark, achieving a 19-month peak. Simultaneously, the price of gold has hit a new all-time high, surpassing $2,100 during the Asian session on December 4.</p> 
<p>Bitcoin’s resurgence to the $40,000 threshold, unseen since April 2022, involves a rapid 2% increase in a 24-hour period, contributing to a remarkable 140% rise since the year’s commencement.</p> 
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   <p lang="en" dir="ltr">Wild tailwinds for bitcoin:<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> New ATH in gold<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1f7.png" alt="🇦🇷" class="wp-smiley" style="height: 1em; max-height: 1em;"> to abolish central bank<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Worst bond crash in 250yrs<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> BTC ETF on the cusp (?)<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Real estate trembling<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Consumer Tech languishing<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Banks shaking<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Fed getting ready to pump<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Halving in April<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitcoin L2 is here</p>— Tuur Demeester (@TuurDemeester) <a href="https://twitter.com/TuurDemeester/status/1731481717200810396?ref_src=twsrc%5Etfw">December 4, 2023</a>
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<p>Markus Thielen, Head of Research at <a href="https://www.matrixport.com/" target="_blank" rel="noreferrer noopener nofollow">Matrixport</a>, envisions a promising future for Bitcoin. Historical trends following bear market cycles and upcoming Bitcoin halving events point towards projections of over $60,000 by April 2024 and potentially reaching $125,000 by the year-end.</p> 
<p>Speculation is heightened by the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. With 13 bidders, including <a href="https://cryptonewsland.com/blackrocks-spot-etf-a-key-driver-to-push-bitcoin-beyond-100k/" target="_blank" rel="noreferrer noopener">industry giants like BlackRock</a> and Grayscale, there’s anticipation surrounding a decision by the Securities and Exchange Commission (SEC).</p> 
<p>Bloomberg’s ETF analysts foresee a high probability of simultaneous approvals for all pending bids by January <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a>, signaling a new era of institutional participation and investment in Bitcoin.</p> 
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   <p lang="en" dir="ltr">It's very likely we are on the eve of a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> spot ETF.<br><br>The first commodity ETF was SPDR Gold Trust. It provided a simple way for investors to access gold in their portfolio. When it launched gold went on to an 8 year rally with no single down year between 2005 – 2012. <a href="https://t.co/UjAXlSiccW">pic.twitter.com/UjAXlSiccW</a></p>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1731501475547984367?ref_src=twsrc%5Etfw">December 4, 2023</a>
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<p>Bitcoin analyst Willy Woo commented on the <a href="https://cryptonewsland.com/cound-bitcoin-etf-approval-lead-to-the-end-of-bitcoin/" target="_blank" rel="noreferrer noopener">potential ETF approval</a>, drawing parallels with the launch of SPDR Gold Trust, the first commodity ETF for gold. Notably, gold experienced an eight-year rally with no down year between 2005 and 2012 after its introduction.</p> 
<p>The surge beyond $40,000 signifies a bullish market sentiment, driven by expectations of a Bitcoin spot ETF approval in January and broader regulatory advancements. Bitcoin’s upcoming halving event is anticipated to provide further momentum to BTC prices over the next five months.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/whales-trust-bitcoin-as-the-next-digital-gold/">Whales Trust Bitcoin as The Next Digital Gold</a></li>
 <li><a href="https://cryptonewsland.com/xrps-rare-gold-cross-event-signals-strong-market-potential/">XRP’s Rare Gold Cross Event Signals Strong Market Potential</a></li>
 <li><a href="https://cryptonewsland.com/what-makes-bitcoin-more-valuable-than-gold-and-fiat/">What Makes Bitcoin More Valuable Than Gold And Fiat</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-is-gold-2-0-invest-in-ethereum-nft-defi-analyst-says/">Bitcoin Is Gold 2.0: Invest in Ethereum, NFT, DeFi, Analyst Says</a></li>
 <li><a href="https://cryptonewsland.com/rumors-swirl-about-xrps-possible-gold-and-silver-backing/">Rumors Swirl About XRP’s Possible Gold and Silver Backing</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-surges-past-41k-amid-a-new-all-time-high-set-by-gold/">Bitcoin Surges Past $41K Amid a New All-Time High Set by Gold</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Surges Past $41K Amid a New All-Time High Set by Gold

Crypto News Land

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