Analysts: Bitcoin's rise doesn't need to wait for gold and silver to "cool down".
analysts pointed out that Bitcoin does not need to wait for gold and silver to experience a pullback (price decline) to continue its upward trajectory.
Glassnode Chief Analyst James Check stated on X (formerly Twitter) on Friday: "This might be an unexpected 'underdog' view." He added that Bitcoin holders who believe Bitcoin needs to wait for precious metals to fall before rising "do not understand any of these assets at all."
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 (does not belong to that camp)."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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