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

The Bitcoin-to-gold ratio has strengthened because Bitcoin spent the past year in a “stagnant stage,” while gold enjoyed a “tremendous year,” according to Lyn Alden.

Bitcoin doesn’t need to wait for a pullback in gold and silver to continue its upward trajectory, according to analysts.

“Surprisingly unpopular opinion,” Glassnode lead analyst James Check said after making the statement in an X post on Friday, adding that Bitcoiners who think otherwise “don't understand any of these assets.”

Echoing a similar sentiment, macroeconomist Lyn Alden said in a podcast published to YouTube on Saturday, that while “a lot of people phrase it as competition,” she is “not in that camp.”

Alden said the Bitcoin-to-gold ratio has performed so strongly recently because Bitcoin (BTC) spent the past year in a “stagnant stage,” while gold experienced one of its “more tremendous years.”

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

Gold and silver both reached all-time highs on Friday, with silver passing $77 and gold reaching $4,533, according to Trading Economics data.

Peter Grant, vice president and senior metals strategist at Zaner Metals told CNBC on Friday 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 on Oct. 5, trading at $87,650 at the time of publication, according to CoinMarketCap.

MN Trading Capital founder Michael van de Poppe said in an X post on the same day that, “the higher Gold goes, the higher BTC likely will follow through.”

Source: CoinTelegraph