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[The Exchange Rate Of Bitcoin To Gold Soared 12% On Wednesday, The Largest Single-day Increase Since February 28, 2022] According To CoinDesk, TradingView Data Showed That After The Pro-cryptocurrency Republican Candidate Trump Won The US Presidential Election, The Exchange Rate Of Bitcoin To Gold (the Ratio Between The Price Of Bitcoin Per Ounce And The Price Of Gold Per Ounce) Soared 12% On Wednesday, The Largest Single-day Increase Since February 28, 2022. More Importantly, The Surge In The Ratio Confirmed The End Of The Eight-month Downward Trend, Which Was Determined By The Trendline Connecting The March And June Highs. This Breakthrough Suggests That Bitcoin's Performance Relative To Gold Will Improve Again, In Part Because Investors Are Reallocating Funds From Gold To Bitcoin. Noelle Acheson, Author Of The "Crypto Is Macro Now" Newsletter, Said: "By Analyzing The Ratio Of Bitcoin To Gold, We Can See That The Downward Trend Since March That Showed Gold Performing Better Is Beginning To Reverse. Globally, Investors Will Pay More And More Attention To Opportunities To Hedge Against Currency Depreciation And Take Advantage Of The Trump Market, Both Of Which Are Beneficial To Bitcoin."
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