💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
#创作者激励计划# If gold rises to $5,000, Bitcoin could break record after record.
Key takeaways:
Bitcoin has historically outperformed gold; recently, the gap has widened by six-fold.
A climb toward $5,000 could pave the way for significant gains for Bitcoin.
A weaker U.S. dollar and increasing global liquidity continue to be key drivers for both assets.
Gold’s march to $5,000 per ounce and beyond has become a hot topic for hard asset bulls.
So what could happen to Bitcoin’s price, referred to by many as “digital gold,” if the precious metal rises even higher?
When gold rose, BTC rose 6x
Bitcoin has historically made much stronger gains than gold when markets rose together.
Between March 2020 and March 2022, during a period of extremely loose monetary policies by the US Federal Reserve, BTC rose by about 1,110%, while gold rose by only 35.5%.
During the November 2022-November 2023 rally, gold gained about 25 percent as global money supply (M2) increased. Bitcoin outperformed by 150 percent, or almost 6 times.
150 days after gold broke the record, Bitcoin price is following suit.
Gold’s rise from its current level of around $3,265 to $5,000 would mean a 50 percent increase. Therefore, if history repeats itself, Bitcoin could potentially rise by 300 percent to $285,000 per BTC.
This prediction coincides with analyst apsk32’s Bitcoin price target. This target is based on a power law model normalized by gold’s market value.
Gold boom could push Bitcoin to $250,000
Frank Holmes predicts gold will reach $6,000 during Trump’s presidency, arguing that bullion is lagging behind global M2 money supply growth.
He attributes this bold goal to Trump’s tariff policies, which he believes could weaken the U.S. dollar by about 25 percent and, combined with strong central bank demand and lower investor positioning, increase gold’s appeal.
Holmes predicts that Bitcoin could break the $97,000 supply barrier and rise to the $120,000–$150,000 range in the near term, and reach $250,000 in the long term as adoption accelerates.
If gold’s lagging correlation continues, BTC could rise to $155,000
In late April, gold reached an all-time high of $3,500, up 33.35 percent year-to-date. It has since corrected slightly to $3,237 as of May 5. In comparison, Bitcoin is up only 0.82 percent year-to-date.
Market watchers, including analyst Cryptollica, have noted that Bitcoin has historically lagged behind gold, suggesting that if the current consolidation range is broken, the price could reach $155,000.
Bitcoin’s 30% pullback from its record high of around $110,000 is mild compared to past sell-offs of over 50%. This resilience reinforces Bitcoin’s role as a safe haven alongside gold, and increases the likelihood that it will follow gold’s rise if market conditions improve.