Lyn Alden refutes the Bitcoin vs. Gold competition theory; BTC's independent upward trend requires no waiting for a correction

A recent point of discussion in the industry is whether Bitcoin competes with gold and silver, thereby affecting their respective rises and falls. However, from the perspective of industry analysts like Lyn Alden, this perception is fundamentally flawed. Economic analyst Lyn Alden explicitly stated in her latest insights that, although many describe Bitcoin as being in competition with gold, she disagrees with this judgment. There is a deeper market logic supporting this view.

Industry Perspective Summary: Bitcoin and Gold Are Not in Competition

Glassnode chief analyst James Check issued a statement on social media indicating that the view that Bitcoin can continue to rise without a pullback in gold and silver may seem “non-mainstream.” He emphasized that Bitcoin holders who oppose this idea often lack a deep understanding of the intrinsic properties of these assets. The underlying logic is that different assets play entirely different roles in market cycles and economic environments, and their relationship cannot be simply viewed as competitive.

In a recent YouTube podcast, Lyn Alden further elaborated on this stance. She emphasized that many people mistakenly see Bitcoin and gold as competitors. In reality, the differences in their current market performance are due to specific reasons—Bitcoin has been relatively “dormant” over the past year, while gold has experienced a “record-breaking strong performance.” This performance disparity precisely indicates that the market driving forces behind the two are completely different.

Lyn Alden’s Market Analysis: Cycle Differences Determine Asset Trends

Lyn Alden pointed out that the recent strong performance of the Bitcoin-to-Gold ratio essentially reflects the different stages of the two assets’ cycles. Gold has just gone through an excellent growth phase, while Bitcoin’s recovery has only just begun, which determines their respective upward momentum. This understanding aligns more closely with market reality—the driving factors of asset prices depend on macroeconomic conditions, liquidity expectations, and market participants’ capital allocation strategies, rather than a simple zero-sum competition. Therefore, Bitcoin does not need to wait for gold and silver to pull back and can independently continue its own upward cycle.