The US dollar has fallen to its lowest level in three years, adding pressure to already nervous markets. At the same time, President Donald Trump made headlines with a bold statement on Truth Social: “He who has the gold makes the rules.” The comment came just as his new global tariffs were rattling investors – and it didn’t take long for markets to react.
Gold surged to record highs. Bitcoin followed. And behind the scenes, something deeper might be unfolding.
Soon after Trump’s post, gold prices shot up to a record high of $3,350, gaining 1.5% in a single day. Bitcoin also saw a sharp rise, climbing 4% to around $87,500—its highest level in three weeks.
Many investors were surprised to see Bitcoin rally alongside gold, as both assets reacted to the growing uncertainty in traditional financial markets.
China’s Gold Buying May Be a Key Trigger
Some market watchers believe Trump’s comment may be linked to China’s recent gold buying spree. In February 2025, China reportedly added about 50 tons of gold to its reserves, signaling a strategic push to expand control over the global gold market.
In response, crypto analyst Crypto Rover suggested that the United States should consider selling its gold holdings and buying Bitcoin instead.
While gold and Bitcoin moved up, the US dollar index dropped sharply, hitting a three-year low. The decline came amid rising concerns that Trump may be planning to remove Federal Reserve Chairman Jerome Powell.
Reports suggest Trump wants greater influence over US monetary policy. That possibility has made traders uneasy, prompting many to move away from the dollar.
What stood out to many analysts was Bitcoin’s behavior during this market shift. In the past, Bitcoin often moved in the opposite direction of the dollar. But this time, it rose alongside gold, leading some to wonder if investors are starting to see Bitcoin as a safer long-term asset.
Pseudonymous analyst Zerohedge called the move a possible “regime shift” in how Bitcoin behaves during times of economic stress.
At the time of writing, Bitcoin is trading around $87,470, reflecting a nearly 3% gain and bringing its total market capitalization to $1.73 trillion.
As gold and Bitcoin rise side by side, the market may be signaling a deeper shift in what it trusts when the pressure mounts.
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