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Economist Lyn Alden: Bitcoin's performance in the next two to three years may surpass gold
Deep Tide TechFlow News, March 6th, reported by Cointelegraph, macroeconomist Lyn Alden stated on the New Era Finance podcast that Bitcoin’s price performance over the next two to three years could surpass gold. Alden believes that the current sentiment in the gold market is “somewhat overly optimistic,” while Bitcoin is being “unfairly negatively viewed.” She pointed out that these two assets tend to exhibit oscillating relationships, and considering the recent strong rally in gold, Bitcoin may offset diminishing returns in the next cycle.
Currently, the gold fear and greed index shows 72 (greed), while the cryptocurrency fear and greed index is only 18 (extreme fear). Bitcoin is currently trading at approximately $71,164, down 44% from its all-time high of $126,000 reached in October. Alden also mentioned that gold and Bitcoin can rise or fall together, and she remains cautious about the absolute relationship between the two.