Gold prices are trading near record highs due to expectations of a potential Federal Reserve rate cut. This could also positively impact Bitcoin, often referred to as 'digital gold.' A 10x Research report suggests that Bitcoin's price may follow gold's performance during rate-cutting cycles. Despite a recent sell-off in Bitcoin attributed to institutional rebalancing, the overall outlook remains bullish. The market is awaiting the inflation report on August 14 and the Federal Reserve's next moves.