Lyn Alden, a macroeconomist at the University of California-Berkeley, believes that Bitcoin will likely outperform Gold in price through 2029 due to gold’s recent surge.
“If I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,” Alden said On Wednesday, New Era Finance will be hosting a podcast.
“Gun to my head, if I had to say which one I think outperforms, I would say Bitcoin,” She added.
“It’s usually a pendulum between the two. If gold has gone up as much as it did, the entire diminishing return story per cycle is going to be erased in the coming one, too.”
Many cryptocurrency industry executives including Coinbase CEO Brian Armstrong predicted that Bitcoin would (BTC) will reach $1 million Armstrong said that the US will have clearer regulation by 2030. “bellwether for the rest of the G20.”
Alden rejects the idea that gold has a bubble
Bitcoin has been compared with gold by many as an investment hedge against inflation, economic instability and uncertainty. “digital gold.”
Alden stated that gold was seeing “somewhat euphoric” sentiment after it reached A new record high was reached in January, at around $5 608
“I wouldn’t say it’s a bubble, but it’s somewhat euphoric,” “She said”
Fear and Greed in the JM Bullion Gold Market IndexThis is a measure of sentiment about gold. “Greed” On Friday, the Crypto Fear and Greed Index scored 72 out 100. Crypto Fear and Greed also took place on Friday. IndexThis is a measure of sentiment for the Bitcoin and broader crypto markets. “Extreme Fear” Score 18 out of 100
Alden stated that Bitcoin sentiment is a positive one. “somewhat unfairly negative.” Bitcoin has fallen 44% since its high in October, when it reached $126,000. according CoinMarketCap.
Alden stated that she doesn’t rely too much on narratives rigid about the relationship of the two assets.
“I try to be hesitant about reading into how absolute these things are. Gold and Bitcoin can go up together, they can go down together,” She explained.
Investors debate Bitcoin’s narrative
Although the two assets tend to be grouped as an alternative to fiat currencies in times of uncertainty, there is no consistent relationship between them. Prices can move along with each other during macroeconomic periods, or they may decouple.
Alden made his comments shortly after Ray Dalio – a billionaire investor – warned of Bitcoin. as a long-term store The argument is that Bitcoin lacks the support of a central bank and there are still concerns regarding its privacy restrictions and quantum resistance.
Related: Construction begins at quantum facility big enough to break Bitcoin
“Gold is not a precious metal that’s speculated on,” Dalio stated on Tuesday adding that the “most established money” The second largest reserve asset of central banks is gold.
Meanwhile, CryptoQuant CEO Ki Young Ju said in October 2025 Bitcoin and gold are becoming more closely correlated as they both gain in reputation as safe havens from macroeconomic uncertainties.
Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins
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Source: cointelegraph.com
