Suche
Mein Konto
Bitcoin before gold soars? Experts expect a rally soon!
Bitwise's Matt Hougan predicts that Bitcoin could experience a similar rally to gold in 2025, despite current selling.
Bitcoin before gold soars? Experts expect a rally soon!
As of October 22, 2025, the outlook for Bitcoin (BTC) looks promising, in the spirit of recent developments in the gold market. Matt Hougan, Bitwise's chief investment officer, points to the similarities between the two precious metals and predicts a potential rally for Bitcoin that could follow gold's remarkable 57% rise this year. These developments raise new questions about the dynamics of Bitcoin and the influence of supply and demand on price.
A key point in Hougan's analysis is the changing selling behavior in the Bitcoin market. He explains that Bitcoin is unlikely to have experienced the same price increases as gold, as significant purchases of gold by central banks have increased enormously since the start of the Russia-Ukraine war. Loud Metals Focus Central bank purchases have doubled, from about 467 to 1,080 metric tons per year. These purchases exceed estimated demand for gold exchange-traded products (ETPs) by two times.
The role of investors
The dynamics of Bitcoin are heavily influenced by classic investor psychology. The price of Bitcoin has more than doubled since January 2024 thanks to purchases by exchange-traded funds (ETFs) and companies. The Bitcoin price is currently around $108,000, down 3% in the last 24 hours. Despite these positive fundamentals, many short-term investors have realized profits and exited the market. This would be a similar tactic to that in the gold market, where initial purchases by central banks in the first half of 2022 were neutralized by selling by investors, thereby limiting price increases.
Hougan emphasizes that the key to accelerating Bitcoin price is for the inventory of sellers to decrease. Once this happens, sustained demand from ETFs and companies could lead to an explosive price rise, similar to the “Gold 2025 moment” that many investors are aiming for for Bitcoin.
Future outlook
The assessments and developments regarding Bitcoin and gold show how closely the two markets are connected. As more buyers enter the Bitcoin market, it remains to be seen how supply will evolve through sales. The market is watching closely to see whether Bitcoin can seize the opportunity to write some of the dynamic growth story that gold is currently presenting. The parallels between the two global markets could represent exciting territory for investors and analysts.