BlockBeats news, December 28, according to Cointelegraph, analysts say Bitcoin does not need to wait for gold and silver to pull back to continue its upward trend. Glassnode chief analyst James Check stated this is an “unexpectedly unpopular view,” adding that those who think Bitcoin must wait for precious metals to correct “do not truly understand these assets.”
Macro-economist Lyn Alden expressed a similar view. She said, although “many people describe it as a competitive relationship,” she “does not agree with this perspective.” Alden noted that the reason Bitcoin’s ratio relative to gold has performed so strongly recently is because Bitcoin has been in a “stagnation phase” over the past year, while gold has experienced “an exceptionally outstanding year. Both assets have their own long-term structural logic supporting them.”
Multiple Bitcoin industry executives expect the current downtrend to potentially reverse in 2026. Bitwise chief investment officer Matt Hougan said, “Bitcoin will rise next year.” Jan3 founder Samson Mow stated that Bitcoin may be about to start a “decade-long bull market.”
