Bitcoin continues its upward trajectory, not needing a pullback in gold and silver, according to analysts. The Bitcoin-to-gold ratio is 19.29. Gold and silver hit all-time highs, with silver surpassing $77 and gold reaching $4,533. Bitcoin fell nearly 30% from its all-time high of $125,100 to $87,650.
MN Trading Capital founder believes Bitcoin will likely follow gold’s upward trend. The correlation between gold and Bitcoin weakened this year, with gold up 60% and Bitcoin down 7.2%. Market sentiment differs, with the Gold Fear & Greed Index at “Greed” and the Crypto Fear & Greed Index at “Extreme Fear.”
Bitcoin industry executives anticipate a reversal in the downtrend next year. Bitwise’s chief investment officer predicts Bitcoin will be up, while Jan3 founder suggests Bitcoin may be entering a decade-long bull run. Market expectations are high for Bitcoin in 2026.
Read more at Cointelegraph: Bitcoin Doesn’t Need Gold And Silver To ‘Slow Down’
