TechFlow, on October 7, according to Cointelegraph, Bitcoin has resumed its correlation with gold, both recently reaching all-time highs. Gold has shown strong price momentum, rising over 50% year-to-date, outperforming Bitcoin, which has gained approximately 33.5% during the same period. However, analysts believe that although Bitcoin's rally has lagged behind gold, if it continues to follow gold's upward trend, it could see a significant surge by year-end. While a pullback remains possible, Q4 is expected to be particularly significant for Bitcoin overall.
David Marcus, co-founder of Lightspark, expects that if Bitcoin reaches the same market value as gold, one Bitcoin could reach $1.3 million, making a seven-figure price a matter of time.
