Analyst: When gold prices hit a new high, history shows that "Bitcoin will follow suit within 150 days"
Internet reports that on April 17, the price of gold soared to a record high of $3357 per ounce, triggering speculation about whether Bitcoin would follow suit. In 2017, after gold rose 30% a few months ago, Bitcoin soared to $19,120. Similarly, gold hit a new high of nearly $2075 during the COVID-19 epidemic in 2020, followed by Bitcoin soaring to $69,000 in 2021. Historically, Bitcoin has exceeded its previous historical highs whenever gold has risen, reflecting the dynamic relationship between the two assets during times of economic uncertainty and as investors look for alternatives to the U.S. dollar. Further highlighting the connection between these two assets, Joe Consorti, head of growth at Theya, pointed out that Bitcoin will lag 100 - 150 days to follow the direction of gold. Consorti said: "When the printing press starts, gold will smell the smell first, and then Bitcoin will rise even more violently." Taking into account Consorti's views, Bitcoin is expected to reach a new all-time high between the third and fourth quarters of 2025. Anonymous Bitcoin supporter apsk32 expects a similar result or bull market between July and November.
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