Matrixport: If the trend of falling inflation continues, the outlook for gold and Bitcoin remains bullish

ChainCatcher news, Matrixport stated that amid the current inflation uncertainty, the market demand for safe-haven assets like gold and Bitcoin remains strong. If the market expects the Federal Reserve to keep interest rates unchanged and liquidity to tighten, gold theoretically should not rise, but the reality shows that even with controllable inflation, safe-haven demand continues to drive gold higher.

Although Bitcoin has recently consolidated, this trend may provide support for it. Matrixport noted that when gold first broke through $2,000 per ounce, it issued a bullish report, and since then, the gold price has risen over 50%. Despite the overall inflation rate in the U.S. rising to 2.9%, Truflation data indicates that the actual inflation level is closer to 2.0%. If the trend of declining inflation continues, the outlook for gold and Bitcoin remains bullish.