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Bitcoin Ready To Outperform Gold by at Least Double for Rest of Market Cycle: Glassnode Founders

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by | May 28 | Uncategorized

Glassnode Predicts Bitcoin to Outpace Gold in Current Bull Cycle

The founders of crypto analytics platform Glassnode are predicting that Bitcoin will significantly outpace gold for the rest of the current bull cycle. They suggest that the BTC/gold ratio, currently at 29, could more than double, potentially reaching 65 by the cycle’s end. This implies that Bitcoin could perform more than twice as well as gold.

Bitcoin’s Current Price and Trading Performance

As of now, Bitcoin is trading at $70,547, representing a 2.5% increase in the last 24 hours.

Source: The Daily Hodl

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