[Analysis: Bitcoin Can Continue Rising Without Waiting for Gold and Silver Corrections] According to a report by Cointelegraph, analysts believe Bitcoin can continue rising without waiting for gold and silver to correct. James Check, chief analyst at Glassnode, stated on the X platform, "This may be a surprisingly 'niche' view." Bitcoin holders holding the opposite view "simply don't understand these assets." Macroeconomist Lyn Alden expressed a similar view in a YouTube podcast released on Saturday. She stated that although "many people describe it as a competitive relationship," she "doesn't agree with that view." Alden pointed out that the recent strong performance of the Bitcoin-to-gold ratio is because Bitcoin has been in a "stagnant period" over the past year, while gold has experienced its "most glorious year."
Analysis: Bitcoin can continue to rise without waiting for a pullback in gold and silver.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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