Bitcoin (BTC) set a new record, exceeding $ 123,700 during the morning trading in Asia, which caused a wave of optimism in the cryptocurrency market. Another positive signal is a positive connection of a coin with gold
We figure out what is happening in the Bitcoin market (BTC) and what does gold have to do with it.
Bitcoin correlation with gold hints at growth
In a recent post on X (previously Twitter), Charles Edwards, the founder of Capriole Investments, noted a growing gap between gold and bitcoin. His analysis showed that bitcoin usually seeks to reduce this gap over time.
Edwards indicated that the current situation resembles 2020, when it led to a strong growth of bitcoin.
By 2021, Bitcoin even surpassed gold. If the story is repeated, the flagship cryptocurrency will probably continue to grow, reaching new heights outside the current record.
Crypto -investor Jelle agreed with this point of view. He noted that gold usually leads, and Bitcoin follows him. Jelle predicted that such dynamics could raise bitcoin to $ 150,000, which corresponds to historical trends.
Why BTC can continue to grow
Expectations of rising prices for bitcoin and gold do not seem far -fetched, especially in current market conditions. Charlie Billello, the main strategist in markets in Creative Planning, previously stated that gold and bitcoin will be leaders in return in 2025.
He emphasized that gold and BTC have never occupied the first two places in one calendar year, which makes 2025 exceptions. In a detailed branch on X, The Kobeissi Letter explained that BTC and gold benefit from many factors.
The analyst noted that in July 2025, the US income from tariffs increased by more than 300%, reaching a record $ 29.6 billion. The Kobeissi Letter predicts that the income will exceed $ 350 billion a year during Trump’s presidency.
In July, US deficit increased by $ 47 billion (19%), reaching a record $ 630 billion in state expenses. Income from tariffs covered only about 10% of the deficit.
Against this background, investors pay attention to gold and bitcoin, striving for safe assets in conditions of growing financial instability and inflationary pressure.
In addition, data from Cme Fedwatch Tool show that the probability of reducing the Fed’s rates in September increased to 95.8%.
A decrease in the percentage rates of the Fed can positively affect cryptocurrencies. The correlation of gold and BTC, as well as other macroeconomic factors indicate that the growth of bitcoin has not yet been completed. The market will carefully monitor the development of this asset in the near future.
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Source: Cryptocurrency
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