PANews reported on October 7 that on October 7, according to Cointelegraph, Bitcoin has restored its correlation with gold. Both have recently reached historical highs. The price of gold has been strong, rising by more than 50% so far this year, outperforming Bitcoin (which has risen by about 33.5% over the same period). However, analysts believe that although Bitcoin's rise has lagged behind gold, if it still follows the upward trend of gold, it may see a sharp rise by the end of the year. Although there is also the possibility of a pullback, overall the fourth quarter will be of great significance to Bitcoin.

Lightspark co-founder David Marcus predicts that if the value of Bitcoin is equal to that of gold, the price of one Bitcoin may reach $1.3 million, and it is only a matter of time before it breaks through seven digits.