By Anurag Kumar
Copyright timesnownews
Bitcoin has been stuck in a $100,000–$120,000 range for nearly three months, even as gold and stocks hit new record highs. Over the past two years, a pattern has emerged: gold and bitcoin often take turns performing well. When gold rises strongly, bitcoin tends to pause, and when gold slows down, bitcoin often picks up the momentum. “The good news for bitcoin is that sooner or later, gold will get tired,” said Charlie Morris, founder of ByteTree, in a recent report. For example, from January to April this year, bitcoin fell about 30% while gold rose roughly 28% amid global trade tensions. Later, when gold stalled in August, bitcoin rallied about 60% to hit new highs. Also Read – Make Bitcoin Great Again: How Trump Became Crypto’s Champion Morris explained the difference: “Gold likes low rates and a weak economy, whereas bitcoin likes them firm. Because bitcoin likes a super strong economy, and low rates are associated with economic slumps.” He added that the correlation between BTC and gold is weak — “basically zero.” Right now, gold is climbing toward $4,000, up about 17% in seven weeks, while bitcoin remains range-bound. If the recent pattern continues, a pause in gold or a sideways move could signal bitcoin’s next breakout. Takeaway for Investors: Bitcoin vs Gold Gold and bitcoin aren’t the same, but they share a rebellious streak. Gold is the steady veteran, holding up when markets shake. Bitcoin is the bold newcomer, moving with tech-driven ups and downs. This year, gold is leading, but over the long term, bitcoin is still ahead. Even now, bitcoin is outperforming the Nasdaq by more than 6%, which is a more fitting benchmark. There’s reason for optimism: historically, September is bitcoin’s worst month, with an average 3% drop. But October and November have been strong, with average gains of 22% and 46%, according to Coinglass. If history repeats, bitcoin could overtake gold by Thanksgiving, turning more traditional investors toward digital assets. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
