Why are gold and bitcoin rising together? | Fidelity UK
In the first six months of 2026, gold and bitcoin were the worst performing investments in a balanced portfolio, but since the start of the summer they have been the best. Bitcoin has risen from $60,000 to $80,000 since July, including a 20% jump last week, while gold has risen by 15% in August. The article says this is unusual because gold is the “archetypal safe haven” and bitcoin is a “high-octane speculative asset,” yet both have recently been responding to the same underlying anxiety: an erosion of confidence in US policy making and in the dollar and US Treasury bonds.
Source: fidelity.co.uk
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Fidelity UK
Why are gold and bitcoin rising together? | Fidelity UK
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August 28, 2026
