“Sell gold, buy Bitcoin,” Standard Chartered’s Head Says Rotation May Return

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Standard Chartered’s head of digital assets research warns that a new trend is emerging: “sell gold, buy Bitcoin.” Last week, gold prices plunged nearly 6%, while Bitcoin bounced back above $110,000, signaling a growing capital rotation into crypto.

Kendrick believes this shift could propel Bitcoin toward $135,000 by the end of the year.

Gold has always been seen as the go-to safe haven during times of economic stress and inflation. But according to Kendrick, the “gold-to-Bitcoin flow” has always been an important signal for investors to decide the flow rotation. 

Kendrick told clients that last week’s market moves, including a sharp 6% drop in gold prices, coincided with a bounce in Bitcoin, which he views as a clear sign of capital rotating from gold to crypto.

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