Regardless, the Trump factor has caused a huge uncertainty in the market and has pushed Gold quickly to $3,167 ATH instead of Bitcoin which people expected he would help. If care is not taken, Gold may witness $3500 before the end of 2025.
If gold hits $3500, it means that risk assets like bitcoin, stocks will continue to experience more sell-offs and we will enter a bear season this year. Gold is a safe haven, if the demand for gold continues to increase and push prices higher, this only shows that the economic turmoil is getting worse. That's not a good scenario for speculative assets, I don't expect that to happen.
We always expected bitcoin to be a store of value but it seems that has not come true yet, people still tend to dump it whenever the economy is unstable instead of thinking that it can help them.