PANews reported on October 7th that, according to Cointelegraph, Bitcoin has regained its correlation with gold, with both recently reaching all-time highs. Gold prices have been strong, rising over 50% year-to-date, outperforming Bitcoin (which has risen approximately 33.5% over the same period). However, analysts believe that although Bitcoin's growth has lagged behind gold's, if it continues to follow the upward trend of gold, it may see a significant increase by the end of the year. While there is still the possibility of a pullback, overall, the fourth quarter will be significant for Bitcoin. Lightspark co-founder David Marcus predicts that if Bitcoin's value is equal to gold, the price of one Bitcoin could reach $1.3 million, and breaking through seven figures is only a matter of time.
Analysis: Bitcoin has regained its correlation with gold and may follow gold's sharp rise by the end of the year
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Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
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