According to BlockBeats, on September 20, CoinDesk reported that Bitcoin has risen by 7% in the past five days, breaking through $64,000 for the first time since August 26. Meanwhile, gold has hit a record high more than 30 times this year, breaking through $2,600 per ounce. Charlie Bilello, chief market strategist at investment management company Creative Planning, said this is the first time since Bitcoin was introduced in 2009 that Bitcoin and gold have both become the best performing assets of the year.

Analyst James Van Straten pointed out that the outstanding performance of Bitcoin and gold is related to increased global liquidity, the expansion of central bank balance sheets and the Fed's interest rate cuts. The Fed's balance sheet is $7.1 trillion, and although the pace of quantitative tightening has slowed, the reverse repurchase balance has decreased to just over $300 billion, releasing liquidity and increasing the availability of funds for loans and investments.

The total balance sheet of the world's 15 largest central banks is close to $31 trillion, and since July, the global recovery trend of central bank balance sheets has been obvious. This increase in liquidity is particularly stimulating for Bitcoin, as Bitcoin's movements tend to mirror liquidity trends. The Fed's 50 basis point rate cut further supported the rise of Bitcoin and gold.