The article discusses the historical correlation between gold prices and Bitcoin, highlighting that Bitcoin typically follows gold’s upward trends within a timeframe of 100-150 days. Joe Consorti forecasts potential new all-time highs for Bitcoin by late 2025, while Mike Novogratz remarks on the significance of Bitcoin and gold as financial indicators amid economic uncertainty.
The price of gold recently surged to a record high of $3,357 per ounce, prompting speculation about the future of Bitcoin (BTC). Historically, Bitcoin has followed gold’s upward trends, showcasing a significant link between the two assets.
In previous instances, Bitcoin experienced a notable rise following gold’s price hikes. For example, after gold increased by 30% in 2017, Bitcoin soared to $19,120, and in 2020, following gold’s approach to $2,075, Bitcoin peaked at $69,000 in 2021. This trend underscores Bitcoin’s pattern of outperforming previous highs concurrently with gold’s rallies, particularly amid economic uncertainty when investors seek alternatives to the US dollar.
Joe Consorti, head of growth at Theya, indicated that Bitcoin typically mimics gold’s trajectory with a delay of 100 to 150 days. “When the printer roars to life, gold sniffs it out first, then Bitcoin follows harder,” he explained. Consorti projects that Bitcoin could see new all-time highs between Q3 and Q4 of 2025, with anticipation of a bullish market phase around mid-2025.
An anonymous Bitcoin proponent, using historical price cycle data and BTC’s “power curve time contours,” predicts a parabolic price phase for Bitcoin in late 2025. The forecast suggests Bitcoin could reach an impressive target of $400,000 by normalising its market cap against gold, illustrated on a logarithmic scale.
