Why should Bitcoin synchronize with the rhythm of gold and silver? Industry voices vary but point to a consensus

A recent interesting discussion in the crypto circle is: Does Bitcoin’s future performance depend on the adjustment of the precious metals market? This seemingly technical question actually reflects a fundamental difference in market understanding of asset allocation logic.

Underestimated Viewpoints and Market Misunderstandings

Glassnode chief analyst James Check bluntly pointed out that those who insist “Bitcoin must wait for precious metals to weaken before continuing to rise” actually misunderstand the intrinsic properties of these assets. He openly states that this idea is “quite non-mainstream” in the market.

This stance is not isolated. Macroeconomist Lyn Alden recently proposed a similar logic: Gold and Bitcoin are more independent assets rather than competing with each other in a zero-sum manner.

Structural Drivers Behind Asset Performance

Why such a judgment? Lyn Alden’s explanation is quite straightforward: Bitcoin’s relatively “lukewarm” performance over the past year and gold’s “spectacular” performance are both supported by their own deep economic cycle logic. These two assets are not competing for the same incremental capital but are responding to different macro risk hedging needs. In other words, the strength of precious metals does not necessarily mean Bitcoin’s upward trend will be hindered.

Institutional Investors’ 2026 Outlook

Institutional attitudes are also optimistic. Bitwise Chief Investment Officer Matt Hougan explicitly stated that Bitcoin will show an upward trend in 2025. A more aggressive voice comes from Jan3 founder Samson Mow, who even predicts that Bitcoin may be initiating a “long-term decade-long bull market.”

From industry consensus, the current adjustment phase is expected to see a significant turning point around 2026. Behind these predictions is a deep recognition of Bitcoin’s long-term value logic.