Following a recent interest rate cut by the US central bank, the price of gold has soared to an all-time high, sparking discussions among crypto analysts about the potential impact on Bitcoin. GoldPrice.org reported a historic peak of $2,629 per ounce on Sept. 23, driven by a 5% increase over the past two weeks. The Federal Reserve's 0.5% rate cut on Sept. 18 fueled this surge by making traditional assets less appealing compared to inflation hedges like gold. Geopolitical tensions and increased central bank gold purchases have further contributed to the bullish sentiment. While some experts predict gold prices to hit $2,700 soon, others like Peter Boockvar believe there is room for further growth. Meanwhile, Bitcoin, often likened to digital gold, also experienced a notable 8.5% rise post the Fed's decision, reaching $64,660 on Sept. 23. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC