Analysts: Bitcoin's rise doesn't need to wait for gold and silver to "cool down".
analysts pointed out that Bitcoin does not need to wait for gold and silver to experience a pullback (price decline) to continue its upward trajectory.
Glassnode Chief Analyst James Check stated on X (formerly Twitter) on Friday: "This might be an unexpected 'underdog' view." He added that Bitcoin holders who believe Bitcoin needs to wait for precious metals to fall before rising "do not understand any of these assets at all."
Macroeconomist Lyn Alden expressed a similar view in a YouTube podcast released on Saturday. She said that although "many people describe it as a competitive relationship," she "does not agree with this view (does not belong to that camp)."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What would happen if the buyers of computing power become intelligent agents?
The United States is planning to promote dollar stablecoins overseas in an effort to strengthen its position as a reserve currency.
According to sources, the Trump administration is considering an initiative to promote US dollar-pegged stablecoins abroad in order to strengthen the dollar’s position as a global reserve asset.
Kratos Defense EVP, CFO Deanna H. Lund sells USD 341,999.11 in common shares
The US Treasury repurchases $6 billion in ultra-long-term bonds: three times the amount planned for early August, with the 30-year yield still reaching its highest level since 2007.
The United States will repurchase up to $6 billion worth of long-term government bonds.
Crypto prices
More
