What will be the price of Bitcoin if gold reaches USD 5,000?
The potential rise of gold towards USD 5,000 raises the stakes for Bitcoin, with historical trends pointing to a surge up to USD 155,000 or more if conditions align.
Key points:
Bitcoin has historically outperformed gold, most recently by a factor of six.
The rise of gold to USD 5,000 could set the stage for significant gains for Bitcoin.
The weakening of the US dollar and the increase in global liquidity remain key factors for both assets.
The march of gold towards USD 5,000 per ounce and beyond has become an important topic among hard asset bulls, including Yardeni Research chief Ed Yardeni and billionaire investor John Paulson.
But what could happen to the price of Bitcoin BTC 85,205 €, promoted as “digital gold” by many, if the precious metal rises even further?