4.3 C
Manchester
February 11, 2025
Image default
News

Gold Stock Price Surges As Saylor Bids More Bitcoin: But What’s Next For BTC Price?


The Gold stock price and gold spot value have reached new heights, smashing records at $2,902 per ounce this week.

With a 17.5% surge since the year began, the climb reflects a cocktail of aggressive central bank purchases, geopolitical uncertainty, and the enduring appeal of gold as a safe haven. Meanwhile, MicroStrategy, newly renamed “Strategy,” is making big moves amongst the volatility.

Price
Market Cap




Central Banks’ Gold Stock Buying Frenzy

According to the World Gold Council, central banks are stockpiling gold at a blistering pace—694 tons in just ten months of 2024.

This surge, led by power players like China, Poland, India, and Turkey, underscores a pivot away from the U.S. dollar and a mounting appetite for economic insulation.

(Gold Stock)

The push, branded as “de-dollarization,” has gained momentum since Western sanctions hit Russia’s central bank in 2022, reasserting gold’s clout as a geopolitical safety net.

Nearly 70% of central banks plan to keep buying, with 83% calling gold a critical shield against inflation and global instability.

Global Geopolitical Tensions Spark Investor Demand

Gold prices are surging as geopolitical strains and trade tensions disrupt global markets. U.S.-imposed tariffs have sent shockwaves through global markets, fanning fears of an economic slump and sparking inflation concerns.

Fears of instability drive investors toward gold futures, inflating prices as the scramble for safe assets intensifies.

Adding to the turmoil, Trump’s proposed 25% tariffs on steel and aluminum imports directly target Canada and Mexico, rattling global markets. The market is deeply confused, like a middle school boy going through puberty.

MicroStrategy Buys Bitcoin Among Gold Stock Surge

As gold hits record heights, Michael Saylor’s newly minted “Strategy” declared its first Bitcoin haul under the new name—7,633 BTC bought at an average of $97,255 per coin between Feb. 3 and Feb. 9, 2025.

The announcement came in a Feb. 10 Form 8-K filing, underscoring the company’s commitment to a Bitcoin-driven treasury strategy.

Since its inaugural Bitcoin purchase in August 2020, Strategy has stockpiled 478,740 BTC at an average price of $65,033. Despite the accumulation, the company faces shifting targets. Its Bitcoin yield hit 4.1% between Jan. 1 and Feb. 9, 2025, but projections for the year remain modest compared to 2024’s staggering 74.3% yield.

A rough close to 2024, marked by a $ 670 million net loss, forced the company to adjust its 2025 yield target to 15%.

Why Gold is Still the Ultimate Safe Haven

As inflation heats up and rates level off, gold is doing what it does best—acting as a financial anchor. Analysts at Dutch multinational banking ING see more gains on the table, signaling that gold’s upward trajectory might just be starting.

The recent record-breaking surge isn’t just about rising uncertainty—it’s a reminder of gold’s critical role in fighting inflation and shielding against currency swings. For countries distancing themselves from the U.S. dollar, this stability is invaluable.

Scary times out there. Indeed.

Meanwhile, companies like Strategy are eyeing the same play with digital reserves through Bitcoin. By the end of Q1, we’ll see who gets the last laugh.

EXPLORE: Dave Portnoy’s New Meme Coin Went 100,000% But What Is The Best Meme Coin to Buy?

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Gold Stock Price Surges As Saylor Bids More Bitcoin: But What’s Next For BTC Price? appeared first on 99Bitcoins.





Source link

Related posts

Donald Trump Token Turns Early Buyers to Millionaires

Transformative Growth and Emerging Leaders

FMCPAY Combines its Efforts with RUNERA to Reinvent Gaming and AI on Bitcoin’s Layer 2

Leave a Comment