Gold's Record Rise Drives Bitcoin Interest
Date: 2025-09-10 Author: Henry Casey Categories: CRYPTO PAYMENTS
Gold prices have been steadily rising throughout September, reaching $3,659 per ounce, which has attracted investors' attention to Bitcoin. There is a strong correlation between the two assets, although capital flows may be more complex than they seem: gold's rise sometimes diverts some investment from cryptocurrencies.
Experts predict further gold strength. Versan Aljarra of Black Swan Capitalist, citing Crescat Capital data at X (formerly Twitter), noted that foreign central banks now hold more gold than US Treasuries for the first time since 1996. In his opinion, the price of gold may exceed $4,000. EndGame Macro analysts add that current quotes have already surpassed the inflation-adjusted peak of 1980, completing a 45-year period.
The growth of gold is associated with a decline in confidence in the monetary system against the backdrop of growing US debt, doubts about the reliability of the Federal Reserve, geopolitical instability and record purchases of metal by developing countries. "Gold is growing not because of love for metal, but because of weakening confidence in the system," EndGame Macro emphasized. Ray Dalio of Bridgewater Associates warned of possible stagflation caused by global debt, and noted that the cash shortage makes dollar devaluation attractive, supporting the growth of gold prices.
For Bitcoin, this may be a positive signal. Analyst Joe Consorti noted that gold usually outperforms BTC by about 100 days, due to high liquidity and wide distribution. Some experts use a 90-day lag, but in general, BTC follows gold with a lag of about three months. Consorti and Tephra Digital attribute Bitcoin’s rise to a correlation to global M2 supply and gold, predicting that BTC could reach $167,000–$185,000 by the end of the year.
However, certain risks remain. Silver recently reached $41 per ounce, the highest since 2012, which could attract some capital from BTC to precious metals. Investor LBroad notes that capital is increasingly moving from fast-growing assets to more stable ones, such as gold and silver. Economist Peter Schiff added that Bitcoin in gold terms is about 16% below its November 2021 peak, which also indicates investors’ preference for traditional assets.
Despite possible fluctuations, experts remain optimistic: BTC correlations with gold and money supply point to interesting prospects for the cryptocurrency and precious metals market in the rest of 2025.
