"Gold price nears $4000 per ounce… Bitcoin to continue rally"

As the price of gold approaches $4000 per ounce and an all-time high, many analysts have predicted that Bitcoin (BTC) will also continue a positive trend.

On the 7th (local time), according to TradingView data cited by Cointelegraph, gold futures touched $4000 per ounce for the first time in the early hours, and the spot price recorded an all-time high of $3976.

Gold prices have risen more than 50% so far this year, which is analyzed to be influenced by heightened geopolitical tensions, concerns over trade tariffs, dollar weakness, and the spread of global inflation. Over the same period, Bitcoin rose by only about 33.5%, but recent price movements have been following gold, increasing expectations for a year-end rally.

Henrik Anderson, Chief Investment Officer (CIO) of Apollo Capital, told Cointelegraph, "Gold reaching an all-time high is a signal that investors are strengthening demand for scarce assets," adding, "From now on Bitcoin will deliver the larger performance between the two assets."

Justin Danesan, head of Arctic Digital Partnership, offered a similar analysis. He said, "Gold and Bitcoin are responding to the same factors such as the U.S. fiscal deficit, weakening confidence in the dollar, and geopolitical risk aversion. Gold is rooted in traditional finance, but Bitcoin is scarcer, trades 24 hours, and is more forward-looking, so it will be more volatile."

David Marcus, former PayPal executive and CEO of Lightspark, predicted, "If Bitcoin is valued like gold, it would be around $1.3 million per coin," and added, "Bitcoin is already a better store of value, and if payment utility is also factored in, a seven-figure price (in the million-dollar range) is a matter of time."