ChainCatcher news, according to Cointelegraph, analysts believe that Bitcoin can continue to rise without waiting for gold and silver to pull back. James Check, chief analyst at Glassnode, stated on platform X: “This might be an unexpected ‘underdog’ view.” Bitcoin holders who hold the opposite view “simply don’t understand these assets.”
Macroeconomist Lyn Alden expressed a similar view in a YouTube podcast released on Saturday. She said that although “many describe it as a competitive relationship,” she “doesn’t agree with that perspective.” 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.”
