ChainCatcher news, according to Cointelegraph, analysts believe that Bitcoin can continue to rise without waiting for a pullback in gold and silver. Glassnode chief analyst James Check stated on X platform: “This might be an unexpected ‘underdog’ view.” Bitcoin holders with opposing views “simply do not understand these assets.”
Macroeconomist Lyn Alden expressed a similar view in a YouTube podcast released on Saturday. She stated that although “many people describe it as a competitive relationship,” she “does not agree with this view.” Alden pointed out that the Bitcoin-to-gold ratio has performed so strongly recently because Bitcoin has been in a “stagnation period” over the past year, while gold has experienced “its most glorious year.”
