Bitcoin and gold have both seen significant price surges in the past five days, with bitcoin breaking through $64,000 and gold surpassing $2,600 an ounce. This can be attributed to increased global liquidity caused by expanding central bank balance sheets and the Federal Reserve's recent rate cut. Gold has historically been seen as a hedge against uncertainty and monetary debasement, while bitcoin's price tends to move in line with liquidity trends. The combined balance sheets of the world's 15 largest central banks now approach $31 trillion, providing further stimulus for both assets.



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