Analysts say that Bitcoin does not need to await a drop in the price of gold or silver before continuing its upward trend.
“Surprisingly unpopular opinion,” Glassnode Lead Analyst James Check said After making this statement in an X-post on Friday, I added that Bitcoiners think otherwise “don’t understand any of these assets.”
In a podcast, Lyn Alden, a macroeconomist, echoed a similar sentiment. published YouTube Saturday is that you can “a lot of people phrase it as competition,” She is “not in that camp.”
Alden explained that Bitcoin’s performance has been so strong recently due to the fact Bitcoin (BTC() has spent the last year in an “stagnant stage,” While gold has experienced a one-of-its “more tremendous years.”
Gold and Bitcoin have both their advantages. “long-term structural stories”
“Both of them have long-term structural stories behind them,” Alden said.
On Friday, gold and silver reached new highs, with the former surpassing $4,533 and the latter passing $77. according Trading Economics Data
Peter Grant is vice president of Zaner Metals and its senior metals strategist. told CNBC is on Friday. “expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets.”
Bitcoin is down nearly 30% from its October 5 high of $125.100, trading at $88,650 as of the publication date. according CoinMarketCap is a great place to start.
MN Trading Capital founder Michael van de Poppe said The same day, a x post was made. “the higher Gold goes, the higher BTC likely will follow through.”
Bitcoiners expect the trend to reverse in next year
Analysts expected this pattern to continue. This year the correlation is weaker. Bitcoin is currently down 7.2% while gold has risen about 60%.
The market sentiment is very different for both asset classes. On SThe aforementionedturday, the Gold Fear & Greed Index posted a “Greed” score of 79, while the Crypto Fear & Greed Index registered “Extreme Fear” At 24, you can.
Many Bitcoin industry executives predict that the trend will reverse in 2026.
Related: Bitcoin returns will be strong but ‘not spectacular’ over next decade: Exec
Matt Hougan, chief investment officer at Bitwise said on Friday that “next year will be up” Bitcoin.
Samson Mow, founder of Jan3, has also been spotted. said that Bitcoin It is possible that you are about to start a “decade-long bull run.”
Magazine: Bitcoin ‘never’ hit $100K in real terms, SEC’s crypto ‘dream team’: Hodler’s Digest, Dec. 21 – 27
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Source: cointelegraph.com
