Analyst Who Predicted the Major Gold Rally Analyzes the Bitcoin-Gold Chart: Shares His Predictions – “Not BTC, But Two Altcoins…”

Renowned technical analyst Francis Hunt, a guest on Michaël van de Poppe’s show, made striking statements about the future of the global financial system and Bitcoin’s place within it. Known for his predictions regarding gold and debt crises, Hunt shared his technical and macroeconomic analyses, which are of particular interest to Bitcoin investors.

Francis Hunt, while evaluating Bitcoin’s (BTC) recent performance, drew attention to the asset’s decline in value against gold. According to Hunt, Bitcoin has begun to lose its “exponential growth” characteristic seen in past cycles.

Hunt argues that Bitcoin’s market capitalization can be misleading. He notes that in the early years, the low circulating supply allowed small capital inflows to create massive price movements, but as the asset grew, maintaining this momentum became more difficult.

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The analyst claimed that “real and big money” is flowing into gold instead of Bitcoin. He stated that giant economies like China are closing their trade deficits with gold, and that Bitcoin has not yet achieved reserve asset status at the state level.

Hunt, noting that Bitcoin’s chart against gold (BTC/GOLD) is weakening, believes the risk-return ratio is currently unfavorable for Bitcoin. He warned investors by asking, “Is it worth risking a drop to zero for Bitcoin to potentially rise from $70,000 to $120,000?”

Hunt, cautious about Bitcoin, noted that there are technically stronger assets in the cryptocurrency market. He specifically pointed out that the resilience shown by assets like Tron (TRX) and Binance Coin (BNB) during a bear market is technically interesting, arguing that these assets could emerge as key digital payment tools in the event of a potential collapse of the banking system.

*This is not investment advice.

Continue Reading: Analyst Who Predicted the Major Gold Rally Analyzes the Bitcoin-Gold Chart: Shares His Predictions – “Not BTC, But Two Altcoins…”