Lyn Alden remains optimistic about Bitcoin's independent rise, dismissing the gold competition theory

0xInsomnia · 2026-01-21T11:03:49+00:00

Macroeconomist Lyn Alden pointed out in the discussion that Bitcoin and gold are not in competition, and investors lack understanding of the characteristics of both. Glassnode analyst James Check also believes that Bitcoin can rise independently of gold. Alden thinks that the recent performance differences between Bitcoin and gold are due to them experiencing different cycles, providing a new investment perspective.

0xInsomnia

2026-01-21 11:03:49

Abstract generation in progress

Recently, macroeconomist Lyn Alden shared a highly insightful perspective on a YouTube podcast, challenging the mainstream perception in the market. She pointed out that although many investors view Bitcoin and gold as a form of competition, this understanding is fundamentally incorrect. Lyn Alden believes that those holding this view do not have a sufficient understanding of the characteristics of these assets.

Analysts Break Conventional Wisdom

Glassnode chief analyst James Check also expressed a similar but more direct opinion on social platforms. He stated that Bitcoin does not need to wait for gold or silver to undergo adjustments and can continue its upward momentum independently. In his view, this is a “less popular” but foresighted perspective, and those Bitcoin holders who hold contrary opinions actually lack a deep understanding of these assets.

The Deep Reasons Behind the Performance Differences Between Bitcoin and Gold

Lyn Alden further explained why the Bitcoin-to-gold ratio has recently performed so strongly. She pointed out that this phenomenon is not due to competition or substitution but results from the two assets experiencing completely different cycles over the past 12 months: Bitcoin has gone through a relatively “stagnant” phase, while gold has entered its most glorious and shining year. It is this asymmetrical performance cycle that has caused a significant change in their relative strength relationship. This perspective offers market investors a new viewpoint, helping to re-understand the true relationship between these two traditional safe-haven assets.

BTC-2,19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.