Bitcoin and Gold Rally on Speculative and Safe-Haven Buying Despite Contradictory Signals
• Bitcoin and gold both hitting record highs at the same time sends mixed messages about risk appetite in markets
• Bitcoin's rise driven by speculative flows into new ETFs, gold rises on safe haven buying amid geopolitical tensions
• Fast money traders chasing momentum across assets helps explain simultaneous peaks
• Both assets seen as beneficiaries of loose monetary policy expectations
• Crypto rally consistent with irrational exuberance in some equity markets