Bitcoin Doesn't Need Gold And Silver To 'Slow Down'
Analysts assert that Bitcoin's upward trajectory is independent of pullbacks in gold and silver prices.Summary
Analysts, including Glassnode's James Check and macroeconomist Lyn Alden, argue that Bitcoin does not need gold and silver prices to slow down or correct before continuing its own upward trend. Alden noted that while both assets have long-term structural stories, the recent strength in the Bitcoin-to-gold ratio was partly due to Bitcoin's recent stagnation while gold had a strong year. Gold and silver recently hit all-time highs driven by expectations of Fed easing, a weak dollar, and geopolitical tensions. Conversely, Bitcoin has recently pulled back from its high, and market sentiment shows 'Greed' for gold versus 'Extreme Fear' for crypto. Despite differing recent performance, some analysts, like Michael van de Poppe, still see a correlation where higher gold prices could lead to higher BTC prices, though the correlation has weakened this year. Several Bitcoin executives anticipate a trend reversal and strong performance for Bitcoin in 2026.
(Source：Cointelegraph)