They were two of the hottest trades of 2024 that were tipped to soar under a Donald Trump presidency.
That optimism pushed bitcoin beyond $US100,000, and gold prices towards the historic $US3000 an ounce as investors scrambled to get exposure.
But the market has been delivered a reality check this week as momentum behind the so-called Trump trades abruptly reversed amid concerns that both assets had run too far, too fast.
Source: https://www.afr.com/markets/currencies/investors-take-profits-on-two-of-last-year-s-hottest-trades-20250226-p5lf7l