🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
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Bitcoin Hits $112,000 ATH: Tech Stock Or Digital Gold Debate Grows
HomeNews* Bitcoin hit an all-time high of $112,000 on May 22 and experienced sharp price swings in 2024.
In early April, Bitcoin and many tech stocks dropped after U.S. President Donald Trump announced broad tariffs. While tech companies with international business faced clear impacts from tariffs, Bitcoin eventually stabilized and rose in value. Investors began to call it “digital gold,” believing that it could be less affected by global trade tensions than traditional stocks.
Investment firm 21Shares released a report in late April titled “From Digital Asset to Safe Haven: Why Is Bitcoin Acting Like Gold?” The report suggested that Bitcoin’s future returns might become more like gold, which typically sees annualized returns of about 10%, compared to the large gains commonly seen with tech stocks. For reference, the best year for gold over the past 15 years yielded just over 27%.
On May 23, the day after its price surge, Bitcoin’s value dropped to $109,000 after President Trump mentioned the possibility of 50% tariffs on European goods. He also raised concerns about technology companies like Apple facing added tariffs if they do not relocate operations to the U.S. The 50% European tariffs have since been delayed.
The recent volatility shows that Bitcoin’s behavior may continue to shift depending on global economic news and policy changes. While some view it as “digital gold” during market stress, its frequent swings often mirror high-risk technology stocks. Investment experts warn that those considering Bitcoin should evaluate how broader tech markets might perform in 2025.
For more guidance, investors can review how to invest in Bitcoin.