Trump s Greenland Ambitions Impact Markets: Gold Soars, Bitcoin Dips

President Trump s recent remarks about annexing Greenland have stirred market reactions, driving investors towards safe-haven assets like gold and silver. Gold reached a historic high, surpassing 4,700 for the first time, while bitcoin fell below 91K.
Upon arriving at the World Economic Forum WEF in Davos, Trump reiterated his belief that the U.S. had to have Greenland, downplaying potential European opposition. He stated,
I don t think they re going to push back too much. Look, we have to have it. They have to have this done. They can t protect it.
Following Trump s statements, gold prices surged, with February futures reaching 4,715. This rise is attributed to uncertainties surrounding a renewed tariff war and shifts in the international landscape. In contrast, bitcoin experienced a decline, dropping to 90,723 on Bitstamp.
What s happening with silver is about to happen with Bitcoin, only in reverse. Silver s spectacular rise will usher in Bitcoin s catastrophic collapse. Don t say I didn t warn you,
predicted gold advocate Peter Schiff regarding the potential impact of silver s performance on bitcoin.
In summary, Trump s assertive stance on Greenland has led to a significant shift in market dynamics, with gold benefiting from the turmoil while bitcoin struggles to maintain its value amidst growing uncertainties.