Analysts: Bitcoin Doesn’t Need Gold or Silver to Continue Its Uptrend
Analysts say Bitcoin can continue its upward trajectory independently of gold and silver price movements. Glassnode lead analyst James Check and macroeconomist Lyn Alden noted that Bitcoin and gold have different long-term structural drivers, rather than a direct competitive relationship. While gold and silver recently hit record highs, Bitcoin remains nearly 30% below its October peak. Market participants expect the correlation gap to narrow again in 2026.
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Analysts: Bitcoin Doesn’t Need Gold or Silver to Continue Its Uptrend
Analysts say Bitcoin can continue its upward trajectory independently of gold and silver price movements.
Glassnode lead analyst James Check and macroeconomist Lyn Alden noted that Bitcoin and gold have different long-term structural drivers, rather than a direct competitive relationship.
While gold and silver recently hit record highs, Bitcoin remains nearly 30% below its October peak. Market participants expect the correlation gap to narrow again in 2026.
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