Gold and Bitcoin Set for Record Highs as Trump Tariff Fears Drive Safe-Haven Demand
While ongoing conflicts in Ukraine and the Middle East continue to support gold prices, Kritcharat emphasized that the potential impact of Trump’s trade policies represents the primary driver for future price appreciation.
Bitcoin’s Cyclical Surge Continues
Jirayut Srupsrisopa, founder and group chief executive of Bitkub Capital Group Holdings, highlighted Bitcoin’s four-year cyclical pattern.
He noted that statistically, every fourth year marks a “golden year” for the cryptocurrency, with historical surges reaching up to 10,000%.
Currently valued at a market capitalization of $2.078 trillion, Bitcoin has gained significant institutional adoption. Americans now hold more Bitcoin than gold, and government holdings reflect this trend: the US maintains 200,000 Bitcoin, China holds over 100,000, and the UK possesses 80,000.
“I anticipate China will further increase its Bitcoin holdings, possibly matching the US position,” Jirayut said.
He drew parallels between Bitcoin and prime Bangkok real estate, suggesting that major powers will hoard the cryptocurrency rather than sell it, supporting long-term price appreciation.
The executive also emphasized artificial intelligence’s role in deepening investment across all asset classes, including Bitcoin, thereby sustaining growth momentum.
Equity Markets Face Continued Volatility
Trawut Luangsomboon, chief executive of Jitta Wealth, acknowledged significant capital market volatility in the first half of 2025, largely attributed to US tariff uncertainty.
However, he noted some relief following President Trump’s 90-day postponement of new tariffs.