The price of gold recently reached a record high, historically triggering increases in Bitcoin values within a 150-day timeframe. Analyst Joe Consorti suggests Bitcoin may achieve new peaks by late 2025 as it typically lags gold’s performance. Galaxy Digital CEO Mike Novogratz emphasizes the significance of both cryptocurrencies as indicators of financial stability amidst economic uncertainties, signalling ongoing shifts in market conditions.
On April 17, the price of gold reached a record high of $3,357 per ounce, prompting speculation about Bitcoin’s (BTC) potential response. Historical trends indicate that, following significant rises in gold prices, Bitcoin has generally surged, with notable prior instances being in 2017 and 2020. In 2017, Bitcoin peaked at $19,120 shortly after a 30% increase in gold’s value, while BTC rose to $69,000 in 2021 following a gold high of approximately $2,075 during the COVID-19 pandemic.
The correlation between gold and Bitcoin is particularly pronounced during economic instability, as investors seek alternatives to the US dollar. Joe Consorti, head of growth at Theya, noted that Bitcoin typically aligns with gold’s price trajectory, lagging by 100-150 days. He remarked, “When the printer roars to life, gold sniffs it out first, then Bitcoin follows harder.” This analysis suggests Bitcoin could experience new all-time highs between Q3 and Q4 of 2025.
Analyst apsk32 anticipates a similar bullish trend for Bitcoin from July to November 2025. Based on historical cycles and BTC’s “power curve time contours,” a parabolic price movement could occur in the second half of 2025, with projections reaching $400,000. This analysis employed a power law model, aligning Bitcoin’s market capitalisation with that of gold and representing Bitcoin’s value in ounces of gold.
In a recent CNBC interview, Galaxy Digital CEO Mike Novogratz described Bitcoin and gold as vital indicators of financial stability amidst global uncertainty. He referred to this period as a “Minsky Moment” for the US economy, emphasizing Bitcoin’s resilience in turbulent markets. Novogratz highlighted the influence of a weakening dollar and capital diverting to safe havens like gold, which has recently rallied.
Despite equities declining by 10% year-to-date, Novogratz noted that the markets may be underestimating significant global economic transformations. Recent tariffs and policies have added layers of uncertainty, while rising interest rates and a declining dollar suggest an emerging market-like environment for the US. This context reinforces the need for caution regarding unsustainable deficits and the national debt, now at $35 trillion.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Readers are encouraged to do thorough research before making any trading decisions.
