Analysis: Bitcoin can continue to rise without waiting for gold and silver to pull back

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CoinVoice has learned that, according to Cointelegraph, analysts believe that Bitcoin does not need to wait for a correction in gold and silver to continue rising. Glassnode chief analyst James Check stated on the X platform: “This might be an unexpected ‘outlier’ view.” Bitcoin holders with an opposing view “simply do not understand these assets.”

Macro economist Lyn Alden also expressed a similar opinion in a YouTube podcast released on Saturday. She said that although “many people describe it as a competitive relationship,” she “does not agree with this view.” Alden pointed out that the recent strong performance of the Bitcoin-to-Gold ratio is because Bitcoin has been in a “stagnation period” over the past year, while gold has experienced its “most glorious year.”

BTC-0,08%
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