Analyst: Bitcoin Can Continue to Rise Without Waiting for Gold and Silver to Pull Back

PANews, December 28 — According to Cointelegraph, analysts believe that bitcoin can continue to rise without waiting for a pullback in gold and silver. Glassnode Chief Analyst James Check stated on the X platform: "This might be a surprisingly 'contrarian' view." Bitcoin holders with the opposite opinion "simply do not understand these assets."

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." Alden pointed out that the recent strong performance of the bitcoin-to-gold ratio is because bitcoin has been in a "stagnant period" over the past year, while gold has experienced "its most brilliant year."