Gold surge clouds timing of Bitcoin rotation
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While Bitcoin shows signs of extreme undervaluation versus gold, analysts warn that a rapid rotation is far from guaranteed.
Gold prices have doubled over the past year, while Bitcoin is down roughly 18% over the same period. This divergence has strengthened gold’s appeal as a hedge, with some institutions projecting continued gains. Citi expects silver to extend its rally, while RBC Capital Markets forecasts gold could reach $7,000 by the end of 2026.
Analyst Benjamin Cowen cautioned that Bitcoin may continue underperforming in the short term, arguing that hopes for a swift shift from precious metals into BTC may be premature.