Viewpoint: After gold prices hit a new high, Bitcoin is expected to rise within 150 days

Odaily Planet Daily News On April 17, the price of gold soared to an all-time high of $3,357 per ounce, sparking speculation about whether Bitcoin would follow suit. In 2017, Bitcoin soared to $19,120 after gold rose 30% a few months earlier. During the 2020 COVID-19 pandemic, gold reached a new high of nearly $2,075, followed by Bitcoin soaring to $69,000 in 2021. Historically, whenever gold rises, Bitcoin has broken through its previous all-time high, reflecting the dynamic relationship between the two assets during times of economic uncertainty and when investors look for alternatives to the dollar. Joe Consorti, head of growth at Theya, noted that Bitcoin follows the directional movement of gold with a lag of 100-150 days. He said: "When the printing press starts, gold will smell it first, and then Bitcoin will follow it more fiercely." Considering Consorti's point of view, Bitcoin is expected to reach a new all-time high between the third and fourth quarters of 2025. Anonymous Bitcoin proponent apsk32 expects a similar outcome or bull run between July and November. (Cointelegraph)