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Matrixport: If inflation continues to decline, gold and bitcoin prices are expected to continue to strengthen

Today's chart from Matrixport shows strong demand for safe-haven assets in spite of manageable inflation, a trend that could support bitcoin despite its recent consolidation. The data shows that the price of gold has broken through $2,912 per ounce, up more than 50% from last year when it broke through $2,000; the price of bitcoin has remained at the level of $97,438. The analysis pointed out that while the overall inflation rate has rebounded to 2.9%, the Truflation data shows that the actual inflation level is closer to 2.0%. If inflation continues to decline, the price of gold and bitcoin is expected to continue to strengthen.