PANews reported on December 28th that, according to Cointelegraph, analysts believe Bitcoin can continue its upward trend without waiting for a pullback in goldPANews reported on December 28th that, according to Cointelegraph, analysts believe Bitcoin can continue its upward trend without waiting for a pullback in gold
Analysts: Bitcoin can continue rising without waiting for a pullback in gold and silver.
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PANews reported on December 28th that, according to Cointelegraph, analysts believe Bitcoin can continue its upward trend without waiting for a pullback in gold and silver. James Check, chief analyst at Glassnode, stated on the X platform, "This could be a surprisingly 'niche' view." Bitcoin holders holding the opposite view "simply don't understand these assets."
Macroeconomist Lyn Alden expressed a similar view in a YouTube podcast released on Saturday. She stated that while "many people describe it as a competitive relationship," she "doesn't agree with that view." Alden pointed out that the recent strong performance of the Bitcoin-to-gold ratio is because Bitcoin has been in a "stagnant period" over the past year, while gold has experienced "its most glorious year yet."
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