Bitcoin Doesn't Need Gold to Slow Down, Say Analysts

Source: CryptoNewsNet Original Title: Bitcoin doesn’t need gold and silver ‘to slow down,’ say analysts Original Link: According to analysts, Bitcoin doesn’t need to wait for a pullback in gold and silver to continue its upward trajectory.

“Surprisingly unpopular opinion,” Glassnode lead analyst James Check stated in a recent post, adding that those who think otherwise “don’t understand any of these assets.”

Echoing similar sentiment, macroeconomist Lyn Alden noted that while “a lot of people phrase it as competition,” she is “not in that camp.” Alden explained that the Bitcoin-to-gold ratio has performed strongly recently because Bitcoin spent the past year in a “stagnant stage,” while gold experienced one of its “more tremendous years.”

Both Have Long-Term Structural Stories

“Both of them have long-term structural stories behind them,” Alden said.

Gold and silver both reached all-time highs, with silver passing $77 and gold reaching $4,533. A metals strategist noted that “expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets.”

Meanwhile, Bitcoin has fallen nearly 30% since hitting its all-time high of $125,100 in October, trading significantly lower at the time of publication.

Michael van de Poppe stated that “the higher Gold goes, the higher BTC likely will follow through.”

Correlation Patterns Shifting

The price of gold and Bitcoin moved fairly closely together between November 2022 and November 2024. However, this year, the correlation has weakened. Gold is up approximately 60%, while Bitcoin is down 7.2%.

Market sentiment for the two asset classes is vastly different, with gold showing “Greed” sentiment while crypto markets are showing “Extreme Fear.”

Industry Optimism for 2026

Several Bitcoin industry executives are anticipating the downtrend to reverse in 2026. A chief investment officer stated that “next year will be up” for Bitcoin, while another founder suggested that Bitcoin may be about to embark on a “decade-long bull run.”