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Bitcoin has historically outperformed gold, recently six times.
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Gold climbing about $ 5,000 can pave the way for great bitcoin gains.
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The weakening of the US dollar and the high global liquidity remains major engines for both assets.
The gold march has become about $ 5,000 an ounce and beyond a big topic among the tough bulls, including Yardeni Research Ed Yardini And the investor billionaire John Polson.
But what can happen for Bitcoin (BTC), which is promoted by “digital gold” by many, if the precious metal rises?
The BTC 6X price jumped the last time that has risen gold
Bitcoin has historically made much more fundamental gains when their markets are simultaneously gathered.
From March 2020 to March 2022, during the high -n cash policies of the Federal Reserve, the BTC price rose about 1,110 %, while gold rose by only 35.5 %.
At November 2022 – November 2023, in conjunction with the increasing global show (M2), gold gained about 25 %, while Bitcoin jumped by 150 % or nearly 6x performance.
Related to: When the price of gold reaches the highest new levels, the date “Bitcoin follows” appears within 150 days – an analyst
Gold climbing of its current value of about 3,265 dollars to $ 5,000 will equate 50 % gains. Therefore, if the date is repeated, Bitcoin may grow by 300 % or at $ 285,000 per BTC.
This is in line with the expected bitcoin price goal for the APSK32 analyst, which depends on the normalized energy law model for the maximum GOLD market.
Bitcoin will pay about $ 250,000 – veteran fund manager
Frank Holmes, CEO of American global investors, believes that gold is heading to $ 6000 during Trump’s presidential period, on the pretext that the alloys left the increase in the global M2 money supply.
It connects this bold goal with Trump’s tariff policies, which is believed to be about 25 %, which enhances the attractiveness of gold along with the strong demand for the central bank and investor lower sites.
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Holmes expects that Bitcoin can penetrate its departments of $ 97,000 and climb it to $ 120,000 -150,000 dollars in the near term, with a long-term possibility to reach $ 250,000 with adoption acceleration.
BTC can reach 155 thousand dollars if it is the association of late gold
In late April, the gold rose to the highest level ever at $ 3500, an increase of 33.35 % on an annual basis (YTD). It has been a little corrected to reach $ 3,237 as of May 5. Compared, bitcoin rose only 0.82 % YTD.
Some market monitors, including Cryptollica analysts, refer to the previous Bitcoin behavior of following gold after a delay, indicating a possible transition towards the level of $ 155,000 if it comes out of the prevailing scope of monotheism.
Bitcoin’s 30 % decline in the record number of about $ 110.00 is moderate compared to the previous sale of more than 50 %. This flexibility enhances its role alongside gold and provokes the opportunity that can follow the gold crowd if the market conditions improved.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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