{"id":45668,"date":"2025-09-01T12:18:33","date_gmt":"2025-09-01T09:18:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45668"},"modified":"2025-09-01T12:21:58","modified_gmt":"2025-09-01T09:21:58","slug":"analyst-flags-bitcoins-dual-nature","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-flags-bitcoins-dual-nature\/","title":{"rendered":"Analyst flags bitcoin\u2019s \u2018dual nature\u2019"},"content":{"rendered":"

At different times, bitcoin is treated either as a haven or as a risk asset. That \u201csplit personality\u201d was highlighted by IG Market analyst Tony Sycamore, writes Cointelegraph<\/a>.\u00a0<\/p>\n

On September 1 the asset\u2019s price fell to $107,290, the lowest since early July. At the same time, gold notched a record high of $3,485 per ounce.\u00a0<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Gold price chart. Source: GoldPrice<\/a>.\u00a0<\/figcaption><\/figure>\n

The precious metal\u2019s rise followed a post<\/a> on Truth Social by U.S. president Donald Trump about a \u201csignificant decline\u201d in inflation.\u00a0<\/p>\n

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\u201cPrices in the U.S. have \u2018fallen significantly,\u2019 there is virtually no inflation. Except for the ridiculous, politician-approved \u2018windmills\u2019 that are destroying every state and country where they are used, energy prices are falling \u2018very strongly.\u2019 Gasoline has hit multi-year lows. And this is despite the magnificent tariffs that bring in trillions of dollars from countries that have been living off us for decades, and are once again making America strong and respected,\u201d he wrote.\u00a0<\/p>\n<\/blockquote>\n

For two and a half years gold, bitcoin and the Nasdaq moved closely together. In recent weeks the link between the cryptocurrency and the metal has broken.\u00a0<\/p>\n

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\u201cThat is not unusual over short periods and reflects bitcoin\u2019s dual nature. At times it is seen as a store of value or a safe asset, and at others as risky,\u201d Sycamore noted.\u00a0<\/p>\n<\/blockquote>\n

Vince Yan, co-founder of L2 platform zkLink, stressed that in 2025 the correlation between gold and bitcoin was low and at times negative. In his view, the metal remains a traditional haven, while the cryptocurrency depends more on market liquidity and investor sentiment.\u00a0<\/p>\n

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\u201cEssentially, they balance each other rather than move in parallel,\u201d he added.\u00a0<\/p>\n<\/blockquote>\n

Sycamore thinks the correlation could return if a Trump administration stimulates an overheating economy and the Fed<\/span> starts cutting rates amid persistent inflation. In that scenario, the cryptocurrency and the metal would both get a lift.\u00a0<\/p>\n

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\u201cThe only question is where bitcoin finds support,\u201d the expert said.\u00a0<\/p>\n<\/blockquote>\n

Other views\u00a0<\/h2>\n

Bloomberg senior analyst Mike McGlone doubts the correlation between bitcoin and gold will return. He says the metal will likely keep outperforming the first cryptocurrency, \u201cespecially if the U.S. stock market weakens.\u201d\u00a0<\/p>\n

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$100,000 Bitcoin Has Fueled Gold; How Enduring?
It's been about 10 months since Bitcoin first closed above $100,000, and the decisive winner has been gold. Will the trend reverse? History suggests the rock is poised to keep outperforming, particularly if the US stock market\u2026 pic.twitter.com\/RPj7KuNMpR<\/a><\/p>\n

\u2014 Mike McGlone (@mikemcglone11) August 30, 2025<\/a><\/p><\/blockquote>\n