Bitcoin has surged approximately 30% from its earlier low of $60,000 this year, now trading above $81,500, driven by significant inflows into spot Bitcoin ETFs, including $630 million on May 1. In contrast, gold has declined over 2% from its late April highs, currently trading around $4,560 to $4,585, pressured by rising U.S. Treasury yields and a stronger dollar. Offshore U.S. dollar deposits have reached a record $14.5 trillion, highlighting robust global demand for the currency. This demand impacts gold negatively due to its non-yielding nature, while Bitcoin benefits from fresh inflows and a positive market sentiment. Bitcoin's price could potentially reach $89,000 to $100,000 if current trends continue, though a stronger dollar and higher yields could limit its upside.