PANews December 28 News, according to Cointelegraph, analysts believe that Bitcoin does not need to wait for gold and silver to correct before continuing to rise. Glassnode chief analyst James Check stated on the X platform: “This might be an unexpected ‘niche’ view.” Bitcoin holders with an opposing view “simply do not understand these assets.”
Macroeconomist Lyn Alden also expressed a similar opinion 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.” Alden pointed out that the recent strong performance of the Bitcoin-to-Gold ratio is because Bitcoin has been in a “stagnation period” over the past year, while gold has experienced its “most glorious year.”
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