Odaily Planet Daily News: The correlation between Bitcoin and gold has fallen to an 11-month low, and analysts believe this is due to capital reallocation. Since the US election, gold prices have fallen by more than 5%, while Bitcoin has risen by more than 20% in a week, showing investors' strategic adjustments to safe-haven assets. According to QCP Capital analysts, Bitcoin is gradually becoming "digital gold", and funds are shifting from traditional safe-haven assets such as gold to cryptocurrencies. After Trump won the election, the strengthening of the US dollar and the rise in U.S. Treasury yields have weakened the appeal of gold. The market expects that the new government's policies may lead to rising inflation, which in turn will affect the Fed's pace of interest rate cuts. In addition, QCP analysis pointed out that if 1% of the funds in the gold market flow into Bitcoin, it may push its price to about $97,000. (TheBlock)

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