Analysis: Bitcoin can continue to rise without waiting for a pullback in gold and silver.
TL;DR
Analysts argue Bitcoin's upward trajectory doesn't depend on gold and silver corrections, citing differing asset dynamics and recent performance trends.
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[Analysis: Bitcoin Can Continue Rising Without Waiting for Gold and Silver Corrections] According to a report by Cointelegraph, analysts believe Bitcoin can continue rising without waiting for gold and silver to correct. James Check, chief analyst at Glassnode, stated on the X platform, "This may 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 although "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."