Home
/
Crypto news
/
Daily updates
/

Bitcoin resembles gold: is it the new standard?

Crypto Advocates Compare BTC to Gold | Price Predictions Spark Debate

By

Mia Chen

Apr 20, 2025, 01:47 PM

Just a minute read

A visual representation showing Bitcoin and gold bars side by side, highlighting their similarities as stable assets.

A surge of enthusiasm is filling user boards as many claim Bitcoin (BTC) is now akin to gold, with heated discussions around price predictions and market dynamics. The conversation surged recently, reflecting both optimism and skepticism among cryptocurrency practitioners on April 20, 2025.

Context and Key Insights

Bitcoin's price trajectory drew significant attention as some people argue it closely mirrors gold’s responses to market trends. The connection between gold and global money supply, particularly the M2 metric, is at the center of these discussions. Commenters assert that BTC often lags by about 108 days behind gold's movementsβ€”leading to varied price forecasts.

Themes from User Commentary

  • Price Predictions: A notable comment suggested BTC could reach $160k in this cycle, with an outside chance of hitting $200k. "Anyone who bought crypto around the Q4 2022 bear market bottom will make bank," claimed another user, emphasizing confidence amid market unpredictability.

  • Graph Analysis: Participants referenced the value of drawing on graphs to interpret trends. One comment humorously stated, "I love drawing random lines on graphs too."

  • Skepticism on Dollar Impact: Some people remain wary, dismissing the reliance on charts, arguing, "These graphs are just the inverse of the value of the dollar."

"Gold follows the Global M2 Money Supply directly whereas BTC lags 108 days," a user noted, highlighting how traditional metrics influence crypto valuations.

Sentiment Breakdown

Overall, the sentiment among commenters is mixed, with a lean towards optimism regarding BTC’s future. However, common skepticism persists about using technical analysis as the sole predictor.

Key Highlights 🌟

  • βœ… "BTC to 160k this cycle" – A rallying call for crypto holders.

  • ❌ Skepticism remains: "Just ignore the dip between 3 and 4".

  • πŸ“ˆ Drawing connections to gold, some users cite M2 impacts as crucial.

With Bitcoin's future fluctuating but seemingly optimistic, it remains to be seen how these predictions will play out in the coming months. Stay tuned for developments in the crypto market as scenarios unfold.