Main takeout:
Bitcoin historically had six times more gold.
Gold’s $ 5,000 climbing was able to set a stage with a significant Bitcoin profit.
The US dollar weakens and global liquidity rise remains a key driver of two assets.
Gold’s march for $ 5,000 per ounce has become a big topic in hard set bulls, including Yardeni Research’s head ED YARDENI and billionaire investor John Paulson.
But what can be the price of Bitcoin (BTC), which many people played with “digital gold” when precious metals rose?
BTC Price lasted six times last time.
Bitcoin historically gained much more profits than gold when the market rally at the same time.
From March 2020 to March 2022, BTC’s prices increased by about 1,110%in the federal reserve’s ultra -rose monetary policy, while gold increased by 35.5%.
In the November 2022 -November 2023 Rally, GOLD rose about 25%, while BITCOIN recorded 150% or six times.
relevant: When the gold price reaches the new peak, history shows ‘Bitcoin followed by’ within 150 days -Analysts
Rising from $ 3,265 to $ 5,000 in the current value of gold will be 50%. Therefore, if history is repeated, Bitcoin can increase to 300% or $ 285,000 per BTC.
This is consistent with the expected Bitcoin price target of the analyst APSK32, which is based on a normalized power method for Gold’s market cap.
Gold boom
Frank Holmes, CEO of US global investors, is looking at gold for gold for $ 6,000 during President Trump’s term.
He believes that this bold goal can be linked with Trump’s tariff policy to weaken the US dollar by about 25 percent to increase the appeal of gold with strong central bank demand and low weight investor positioning.
https://www.youtube.com/watch?v=Afju2z6ixku
Holmes predicts that Bitcoin can penetrate $ 97,000 and go up to $ 120,000 to $ 150,000 in the short term and have a long -term potential to reach $ 250,000 when adoption is accelerated.
If the delayed correlation between GOLD is maintained, the BTC can record $ 155K.
At the end of April, gold rose to $ 3,500 at 33.35% (YTD) year -on -year. As of May 5, it has been slightly modified to reach $ 3,237. In comparison, Bitcoin only increased 0.82% YTD.
Some market watchers, including analyst Cryptollica, point out the past behavior that follows Bitcoin’s gold after delay, suggesting that it can move to $ 155,000 if it is out of general integration.
In the record record of about $ 110,00, Bitcoin’s 30% embarrassment seems to be gentle compared to the past selling of more than 50%. This elasticity strengthens the role with gold and increases the possibility of following Gold’s rally if the market situation is improved.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.