Gold soars, Bitcoin awakens: can crypto challenge gold’s safe-haven crown?

Bitcoin has been quiet so far, but this could be the start of a big change.

While gold has been getting all the attention, Bitcoin’s price has been acting in a very different way. Bitcoin’s price has stayed pretty steady over the past few months, even though there is a lot of political unpredictability in the world. This has made some people question its value as a safe-haven asset. As of April 23, 2025, Bitcoin was worth about $93,659, which is a big jump of over 6% in just 24 hours. The gold price on the other hand has been moving downward as shown in the chart below 

Gold price chart by XTB 

Investors are interested in this recent growth, especially since Bitcoin did not react to the trade tax issues as one might expect from an asset…

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