Trump's Gold Remarks Spark 21% Gold Surge, 15% Bitcoin Spike

On April 21, 2025, former U.S. President Donald Trump made a bold statement on his Truth Social platform, declaring, “He who has the gold makes the rules.” This statement had an immediate and significant impact on the financial markets, particularly on the prices of gold and Bitcoin.

Trump's declaration came at a time of global economic instability, and his support for gold was met with a strong market response. Gold prices surged to a new historical record of $3,384 per ounce, while Bitcoin prices also spiked, surpassing multiple resistance zones to regain its value of $87,500. This unusual increase in the prices of both assets was interpreted by some analysts as a sign that investors are increasingly concerned about an uncertain market climate and the potential decline of the U.S. dollar.

Trump's statement has also raised doubts about the trustworthiness of government-authorized money. Many citizens view his message as a call to overhaul America’s traditional financial architecture, as the value of the dollar is falling and federal debt is increasing rapidly. This has led to a renewed interest in Bitcoin as a potential safe-haven asset, with its decentralized structure and limited supply being seen as attractive alternatives to traditional financial assets.

Throughout history, gold has been a reliable store of value during times of financial uncertainty. Its limited quantity, historical worth, and moderate market stability make it a favorable asset for those seeking protection from market volatility. Bitcoin, on the other hand, has emerged as a strong competitor to gold, with its decentralized structure and acceptance by institutional investors. The current market movements suggest that Bitcoin is no longer behaving according to its traditional negative correlation with the U.S. dollar, and is instead being seen as a safe-haven asset like gold.

Trump's statement has likely encouraged the belief that investors should hold both gold and Bitcoin for portfolio security. By emphasizing that the holder of physical or digital gold maintains a stronger position during financial uncertainty, Trump has highlighted the importance of these assets as separate value stores within expanding international markets. This simultaneous market growth of both assets suggests that they are not competing with each other, but rather serving as complementary stores of value.

The economic factors driving the market response to Trump's statements are multifaceted. The U.S. dollar index reached its lowest level in three years due to Trump's intermittent positions about influencing the Federal Reserve and general economic uncertainty. This has led to anxieties about the dollar's market value, further driving investors towards safe-haven assets like gold and Bitcoin.

Geopolitical tensions, particularly towards China, have also pushed investors to seek out safe assets for their investments. Bitcoin's rising market value provides investors with portfolio diversification and wealth preservation across economic conditions, making it an attractive substitute for stocks and bonds. According to Trump's insightful observation, the situation where control of gold means control of power becomes especially vital during dollar currency instability.