Central Banks' Gold Rush: A Bitcoin Surge Catalyst?

U.S. Treasury funds hit a $19 billion inflow, the highest since March 2023, as the 30-year yield fell. Meanwhile, foreign central banks cut U.S. Treasury holdings to a 22-year low and increased their gold reserves. This de-dollarization trend could spark a Bitcoin surge, akin to 2020 when Bitcoin jumped as gold holdings grew. Central banks' lack of faith in the U.S. dollar enhances Bitcoin's value appeal, though a recession could shift focus to traditional assets over speculative ones like Bitcoin.