Gold and Bitcoin (BTC) have risen simultaneously, a rare and striking trend in financial markets, indicating a convergence of risk aversion amid rising economic uncertainty and a weaker dollar.

Gold prices have hit 55 all-time highs in the past 12 months, recently hitting a new record of $3,384 per ounce, according to analysis by Kobeissi Letter. Meanwhile, Bitcoin has officially joined the rally, with its price surpassing $87,000, placing BTC alongside gold as a store of value in investor sentiment.

The parallel moves mark a rare moment in modern financial history, with both traditional assets and digital assets, considered “safe havens,” rising simultaneously. The growth comes amid growing market speculation that the Federal Reserve will cut interest rates and heightened geopolitical and economic uncertainty.

In the cryptocurrency space, gold-backed digital tokens have also seen renewed interest. PAX Gold (PAXG) and Tether Gold (XAUT), both pegged to an ounce of gold, have seen daily trading volumes exceed $100 million multiple times in recent weeks. These tokenized assets combine the stability of precious metals with the accessibility of crypto markets, providing investors with blockchain-based gold investment opportunities.

Enmanuel Cardozo, market analyst at asset tokenization platform Brickken, said that despite Bitcoin's strong momentum, investors remain cautious. "While Bitcoin has shown resilience, I think past experience, current economic uncertainty, and market selling pressure are still keeping investors on the sidelines, waiting for clearer entry signals," Cardozo said.

Cardozo also pointed out that recent institutional participation, including organizations such as Strategy and Tether, could have a significant impact on Bitcoin's price action, especially as the market responds to the traditional four-year halving cycle. "A rate cut by the Fed in May or June could inject more money into the system, causing Bitcoin to rise faster," Cardozo added.