According to a report on April 18, gold reached a record high of 3,357 USD per ounce on April 17, sparking speculation whether Bit would follow suit. In 2017, after gold increased by 30%, Bit rose to 19,120 USD. Similarly, during the COVID-19 pandemic in 2020, gold reached nearly 2,075 USD and Bit subsequently increased to 69,000 USD in 2021. History shows that when gold rises, Bit often reaches new highs, reflecting the flexible relationship between these two assets during periods of economic instability. This highlights the correlation between gold and Bit as investors seek alternatives to the USD.
JOE Consorti, Head of Development, noted that Bit follows gold's movement with a delay of 100-150 days. "When money printers are active, gold will detect it first, and then Bit will follow more strongly," Consorti said. Based on Consorti's prediction, Bit is expected to reach new highs between the third and fourth quarters of 2025. An anonymous Bit supporter, apsk32, anticipates similar results or a price surge between July and November.
This content is only intended to provide market information and does not constitute investment advice.
