Source: Cointelegraph.com NewsKey takeaways: <\/p>\n
Bitcoin has historically outperformed gold, more recently by sixfold.
\nGold\u2019s climb toward $5,000 could set the stage for significant Bitcoin gains.
\nWeakening US dollar and rising global liquidity remain key drivers for both assets.<\/p>\n
Gold\u2019s march toward $5,000 per ounce and beyond has become a big topic among hard-asset bulls, including Yardeni Research\u2019s head Ed Yardeni and billionaire investor John Paulson. Source: Cointelegraph.com NewsKey takeaways: Bitcoin has historically outperformed gold, more recently by sixfold. Gold\u2019s climb toward $5,000 could set the stage for significant Bitcoin gains. Weakening US dollar and rising… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128632"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128632"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128632\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128632"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBut what could happen to the price of Bitcoin (BTC), touted as \u201cdigital gold\u201d by many, if the precious metal surges even higher?
\nBTC price jumped 6x last time gold rallied
\nBitcoin has historically delivered far more substantial gains than gold when their markets rally concurrently.
\nFrom March 2020 to March 2022, during the Federal Reserve\u2019s ultra-loose monetary policies, BTC\u2019s price surged approximately 1,110%, while gold increased by only 35.5%.
\nXAU\/USD vs. BTC\/USD and Global M2 supply weekly chart. Source: TradingViewIn the November 2022\u2013November 2023 rally, coinciding with rising global money (M2) supply, gold gained about 25%, while Bitcoin jumped by 150% or nearly 6x outperformance.
\nRelated: When gold price hits new highs, history shows \u2018Bitcoin follows\u2019 within 150 days \u2014 Analyst
\nGold\u2019s climb from its current value of around $3,265 to $5,000 will equal 50% gains. So, if history repeats, Bitcoin could grow by 300% or to a price of $285,000 per BTC.
\nThat aligns with analyst apsk32\u2019s\u00a0projected Bitcoin price target, which is\u00a0based on a power law model normalized against gold\u2019s market cap.
\nSource: X\/apsk32Gold boom will push Bitcoin toward $250K \u2014\u00a0veteran fund manager
\nFrank Holmes, CEO of US Global Investors, sees gold heading to $6,000 during Trump\u2019s presidential term, arguing that bullion has lagged behind the global M2 money supply surge.
\nHe links this bold target to Trump\u2019s tariff policies, which he believes could weaken the US dollar by around 25%, boosting gold\u2019s appeal alongside strong central bank demand and underweight investor positioning.
\nHolmes predicts that Bitcoin could break through its $97,000 supply overhang and climb to $120,000\u2013$150,000 in the near term, with a longer-term potential of reaching $250,000 as adoption accelerates.
\nBTC can hit $155K if gold\u2019s lagging correlation holds
\nIn late April, gold climbed to an all-time high of $3,500, up 33.35% year-to-date (YTD). It has corrected slightly to reach $3,237 as of May 5. In comparison, Bitcoin has risen merely 0.82% YTD.
\nBTC\/USD and XAU\/USD daily chart comparison. Source: TradingViewSome market watchers, including analyst Cryptollica, point to Bitcoin\u2019s past behavior of following gold after a lag, suggesting a possible move toward the $155,000 level if it breaks out of its prevailing consolidation range.
\nBTC\/USD vs XAU\/USD trend comparison. Source: Cryptollica\/XBitcoin\u2019s 30% pullback from its record high of around $110,00 appears mild compared to past sell-offs of over 50%. This resilience strengthens its role alongside gold and raises the chance it could follow gold\u2019s rally if market conditions improve.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"