The price of gold around the world has reached its highest level these days. In such a situation, after the price of gold reached $ 3,357 an ounce on 17 April, the curiosity among investors has increased whether Bitcoin will soon bounce in the same way. Actually, there has been an old trend that whenever there is a rise in gold prices, in about 150 days after that. Bitcoin Worth Also starts growing rapidly. If you analyze historical figures, then this also proves to be true.
What is the connection between Gold and Bitcoin?
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When the price of gold increased by 30 per cent in 2017, the price of bitcoin reached $ 19,120.
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Even in the Covid-19 epidemic in the year 2020, when gold touched a new highest level of $ 2,075, Bitcoin achieved a height of up to $ 69,000 in 2021.
Will Bitcoin become a dollar option?
In fact, the behavior of assets like gold and bitcoin changes during economic uncertainty and dynamically reflects each other as a US dollar option. The about this Theya Development head of the company Joe Consorti says that bitcoin has often been seen following a gold footsteps. Bitcoin usually follows gold guidelines with a delay of 100 to 150 days. Joe Consorti believes that When the printing process by central banks is accelerated, the gold already catches its signal and the bitcoin follows it later. In such a situation, Bitcoin can be seen in the third and fourth quarter in the year 2025 after the gold rate rose in the year 2025.
Bitcoin can go up to $ 400,000
After the speed in gold, a bitcoin follower APSK32 has predicted that Bitcoin can reach $ 400,000 in mid -2025. Apart from this, several other analysts at the Crypto Market analyzed the ‘Power Curve Time Conters’ of Bitcoin and hoped that by the end of 2025, Bitcoin could reach the Parabolic Section by the end of 2025. This is the situation in the crypto market when the price of bitcoin or stock starts to grow rapidly and this increase is usually in the graphical pattern of a “parabolic” design, which looks like a parabola. This stage is usually in the position of a bubble, where the price increases much more than the actual value.
Bitcoin will benefit if the dollar is weakened
CEO Mike Novogratz of Galaxy Digital recently said that both bitcoin and gold are currently considered to be the major signs of ‘financial stability’ amidst global economic uncertainties. Novogratz believes that both bitcoin and gold may increase between economic changes, business charges and increasing debt of the US. In such a situation, if the dollar is weak and the increase of capital in safe investments can cause bitcoin to rise.
Conclusion
If this historical relationship is analyzed between Bitcoin and gold, it is quite interesting. But on the basis of this analysis, investors should make their own decisions and do research well before any investment. Currently, the value of gold and bitcoin can depend on the continuous economic scenario and global inflation. Along with this, if you want to know in detail about the project, then what is Bitcoin Click on this link.
