The new analysis predicts that if Bitcoin follows gold again, it may be sucked in $50000 like a magnet.
In the Twitter version update on January 26, popular traders and market commentator TechDev gave the BTC price target associated with XAU/USD.
With the debate on the extent to which Bitcoin will compete with the gold market continuing, the rising market price has emerged.
For TechDev, the market prospect is more optimistic than many people - Bitcoin may even raise the price of $50000.
"What if Bitcoin follows gold/DXY again?" he asked.
The attached data chart compares BTC/USD with gold and US stock index (DXY). TechDev continues its previous description, suggesting that precious metals are likely to be technologically advanced in the recovery of Bitcoin.
According to CoinTelegram, the correlation between gold and Bitcoin is now basically 100%.
"Not only is it a transient response to the international situation... do you think gold has been leading Bitcoin for four years?" asked a previous tweet.
TechDev added that such an idea "is not a prediction, but a scientific and reasonable problem."
He concluded: "It will be very interesting. There is no doubt that these properties are inversely proportional to the US dollar.".
If Bitcoin insists on pursuing gold at a relative price, the conclusion may change the rules of the two-headed game. According to the information of Coin Telegram Markets Pro and TradeView, XAU/USD has increased by 6.1% so far this year, far lower than BTC/USD 39%.
According to TechDev, Bitcoin is not only likely to exceed US $30000, but also more than US $50000.
Even gold enthusiasts who have traditionally avoided the Bitcoin friendly army are exploring a new period of tranquility for their own fortunes.
Alasdair Macleod, head of scientific research at Goldmoney, put the international situation first in his forecast this week, and predicted that the gold trade in Russia and China as a whole in Asia would rise sharply.
A Goldmoney article published on January 26 said: "Russia is not easy to officially announce the gold standard because it is unnecessary. China will not: in turn, it may show the increase of gold reserves.".
Macleod is not a fan of Bitcoin herself. In a professional article, she compared Bitcoin with December gold and resolutely predicted that the latter will win in the dilemma.
He wrote: "In order to determine the influence of its currency lending, Bitcoin must abide by the rule of time preference. In other words, the relationship between it and the interest rate at the current stage must be changed, so the rise of interest rate reflecting the insufficient consumption of currency in circulation should be reflected in the rise of the meaning of Bitcoin.".
"We should not try to guess the future. But we can proudly say that if inflation accelerates, the relative value of gold will increase correspondingly, while the relative value of Bitcoin will probably not increase."
Other popular commentators on current affairs praised it even more. Mike McGlone, a high-end macro strategist at Bloomberg Intelligence, often outperformed gold in the long run.
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