CoinShares: Bitcoin Once Again Trades on Par with Gold as a Safe-Haven Asset
According to a CoinShares market update from September 4, 2026, Bitcoin is increasingly trading as a safe-haven asset alongside gold, driven by renewed investor focus on currency devaluation. The catalyst for its recent rise to briefly touch $80,100 was a combination of concerns over US fiscal sustainability, the US Treasury's decision to increase purchases of long-term bonds, and dovish comments from Fed Governor Christopher Waller.
Monetary policy remains a key constraint. Hawkish remarks from Fed officials initially fueled rate hike expectations, leading to outflows from digital asset investment products. However, sentiment reversed, with inflows recovering to $1 billion this week. The situation in Iran is a central risk, as potential oil supply disruptions could push inflation and Fed expectations higher, negatively impacting Bitcoin in the short term. The yield on US 10-year Treasuries remains elevated near 4.7%, reflecting debt sustainability concerns, which, if they escalate, could benefit both gold and Bitcoin.
For a sustained break above $80,000, CoinShares argues either a resolution to the Iran conflict or a further significant loss of confidence in US sovereign debt is needed. Until then, range-bound trading is likely. Key upcoming events are August inflation data and the September Fed meeting, which will clarify the internal policy split between inflation and employment focus. Machine analysis suggests the market may react more sharply to inflation data than to Fed decisions themselves.
cryptonews.ru09/06 06:46
