 ▲ Bitcoin (BTC), Gold |
Bitcoin (BTC) is increasingly expected to emerge as the dominant force in market returns over the next few years, surpassing gold’s record-breaking price rally.
According to Cointelegraph on March 6 (local time), macroeconomist Lyn Alden forecast that Bitcoin will significantly outperform gold in price performance over the next two to three years. Appearing recently on the New Era Finance podcast, Alden argued that a capital rotation from gold to Bitcoin is inevitable following gold’s strong run. Emphasizing that the performance gap between Bitcoin and gold tends to swing like a pendulum, she signaled the beginning of a full-fledged rebound for Bitcoin.
Gold reached an all-time high of $5,608 in January, showing signs of overheating, while Bitcoin remains about 44% below its peak at around $71,164. Alden noted that the Fear & Greed Index for gold currently stands at 72, indicating greed, whereas Bitcoin’s reading is 18, reflecting extreme fear. She explained that excessively negative sentiment toward Bitcoin could instead provide a foundation for a powerful rebound.
Alden also projected that Bitcoin will outperform gold through 2029, suggesting that concerns over diminishing returns seen in the previous cycle will be fully resolved in the next one. After correcting from its historical high of $125,100, Bitcoin has entered a relatively undervalued zone. The 83% correlation between global liquidity indicators and Bitcoin’s price supports the view that Bitcoin will be among the first assets to benefit from expanded liquidity in the market.
Industry experts, including Coinbase CEO Brian Armstrong, have expressed optimism that Bitcoin could reach $1 million by 2030. As regulatory clarity improves in the United States and institutional participation accelerates, Bitcoin is evolving beyond a speculative asset into a core alternative within the global financial system. Even amid geopolitical instability in the Middle East, which has strengthened demand for safe-haven assets, Bitcoin continues to solidify its position as a long-term store of value.
Alden added that while Bitcoin may temporarily move in tandem with the Nasdaq 100 index, it is likely to launch an independent rally during periods of global liquidity expansion. Despite short-term market volatility, Bitcoin’s scarcity and network effects reinforce its long-term upward trajectory. She expects Bitcoin to complete its current correction, reclaim the $100,000 level within 2026, and enter a new phase of price discovery.
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