PANews news on April 18th, according to Cointelegraph, on April 17th, gold prices surged to a historic high of $3,357 per ounce, sparking speculation about whether Bitcoin would follow suit. In 2017, after gold rose by 30% a few months earlier, Bitcoin soared to $19,120. Similarly, during the COVID-19 pandemic in 2020, when gold reached a near high of $2,075, Bitcoin subsequently surged to $69,000 in 2021. Historically, whenever gold rises, Bitcoin tends to break its previous all-time high, reflecting the dynamic relationship between these two assets during periods of economic uncertainty and when investors seek alternatives to the US dollar.
Further highlighting the connection between these two assets, JOE Consorti, head of growth at Theya, pointed out that Bitcoin tends to lag 100-150 days behind gold's directional trend. Consorti stated: "When the money printer starts running, gold will smell it first, and then Bitcoin will rise even more aggressively." Considering Consorti's perspective, Bitcoin is expected to reach a new all-time high between the third and fourth quarters of 2025. Anonymous Bitcoin supporter apsk32 also predicts a similar result or bull market between July and November.
