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Economist Lyn Alden: Bitcoin's performance in the next two to three years may surpass that of gold
According to Cointelegraph, macroeconomist Lyn Alden stated in the New Era Finance podcast that Bitcoin's price performance may surpass gold in the next two to three years. Alden believes that the current sentiment in the gold market is somewhat overly optimistic, while Bitcoin is unfairly viewed negatively.
She pointed out that there is usually a swinging relationship between the two assets, and considering gold's recent strong rise, Bitcoin may eliminate the diminishing returns in the next cycle. The current gold fear and greed index shows a score of 72 (greed), while the cryptocurrency fear and greed index is only at 18 (extreme fear). Bitcoin is currently trading at around $71,164, down 44% from its historical high of $126,000 set in October. Alden also stated that gold and Bitcoin can rise or fall simultaneously, and she holds a cautious view on the absoluteness of their relationship.
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