Multiple industry insiders are optimistic about the future market, and Bitcoin's performance does not depend on the performance of precious metals.

Bitcoin and Gold Are Not Simply in Competition

Recently, a recurring view has emerged in discussions about Bitcoin’s price movement: that Bitcoin’s rise requires waiting for gold and silver to adjust. However, this perspective is being increasingly questioned by market participants.

Glassnode Chief Analyst James Cheek candidly pointed out that Bitcoin can rise independently without relying on other assets’ corrections. He admitted that this is “a judgment not widely accepted by the market” and noted that investors who link Bitcoin to precious metals actually have limited understanding of the intrinsic logic of these assets.

Macro economist Lyn Alden provided a deeper explanation. She pointed out that although some views see Bitcoin and gold as competitors, this binary perspective is overly simplistic. Lyn Alden believes that Bitcoin’s strong performance relative to gold is fundamentally due to the different cycles these two assets are in — Bitcoin has been relatively dormant over the past 12 months, while gold is experiencing its most prominent phase. Both have their own deep economic logic supporting them and can coexist and play their roles.

Industry Executives Remain Optimistic About the Future

Looking ahead, leaders in the Bitcoin industry are quite optimistic. Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin will enter an upward cycle next year. Jan3 founder Samson Mow is more aggressive, stating that Bitcoin may be at the start of a “super cycle that lasts ten years.”

More notably, several analysis teams believe that the current market correction phase is expected to turn around by 2026. This optimistic timeframe reflects market confidence in Bitcoin’s long-term value.