Bitcoin price analysis: BTC bulls mull price weakness as gold soars near $5,000

Despite gold climbing over 80% amid inflation and uncertainty while Bitcoin dropped 14% year-over-year, longtime Bitcoin bulls offer several defenses for buying BTC. Jessy Gilger suggests gold's surge is a temporary distraction, expecting Bitcoin's superior digital scarcity to eventually prevail. Mark Connors argues the price stagnation is due to a supply distribution event—early adopters selling into massive ETF inflows—rather than a demand failure. Charlie Morris correlates Bitcoin's retreat with internet stocks, noting gold serves the real world while BTC serves the digital world. Other experts, like Peter Lane, acknowledge Bitcoin hasn't proven itself as a safe haven yet, anticipating a delayed rotation, while Anthony Pompliano suggests BTC needs new demand drivers as deflation looms. Conversely, David Parkinson views Bitcoin as a permanent solution to inflation, not just a hedge, and Andre Dragosch believes capital will rotate into undervalued BTC once traditional assets are inflated, noting BTC is currently priced low relative to gold.

(Source：CoinDesk)