Bitcoin is likely to outperform gold on price performance through to 2029 after gold\u2019s strong recent rally, says macroeconomist Lyn Alden.<\/p>\n
\u201cIf I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,\u201d Alden said<\/a> on the New Era Finance podcast on Wednesday.<\/p>\n \u201cGun to my head, if I had to say which one I think outperforms, I would say Bitcoin,\u201d she added.<\/p>\n \u201cIt\u2019s usually a pendulum between the two. If gold has gone up as much as it did, the entire diminishing return story per cycle is going to be erased in the coming one, too.\u201d<\/p><\/blockquote>\n Many crypto industry executives, including Coinbase CEO Brian Armstrong, have predicted that Bitcoin (BTC<\/a>) will reach $1 million<\/a> by 2030 with clearer regulations taking shape in the US, which Armstrong called a \u201cbellwether for the rest of the G20.\u201d\u00a0<\/p>\n Bitcoin is often compared to gold as a hedge against inflation and economic uncertainty, with many investors dubbing it \u201cdigital gold.\u201d\u00a0<\/p>\n Alden said gold is seeing \u201csomewhat euphoric\u201d sentiment after it reached a new all-time high of around $5,608 in January. <\/p>\n \u201cI wouldn\u2019t say it\u2019s a bubble, but it\u2019s somewhat euphoric,\u201d she said. <\/p>\n The JM Bullion gold Fear and Greed Index, which tracks sentiment toward gold, posted a \u201cGreed\u201d score of 72 out of 100 on Friday. On the same day, the Crypto Fear and Greed Index, which measures sentiment across Bitcoin and the broader crypto market, posted an \u201cExtreme Fear\u201d score of 18 out of 100.<\/p>\n Alden said that the sentiment toward Bitcoin is \u201csomewhat unfairly negative.\u201d Bitcoin is trading at $71,164, down 44% from its October all-time high of $126,000, according to CoinMarketCap.<\/p>\n Alden said she avoids relying too heavily on rigid narratives about the relationship between the two assets. <\/p>\n \u201cI try to be hesitant about reading into how absolute these things are. Gold and Bitcoin can go up together, they can go down together,\u201d she explained.<\/p>\n While the two assets are often grouped together as alternatives to fiat currencies, the relationship isn\u2019t always consistent; sometimes the prices move in tandem during periods of macro uncertainty, and other times they decouple.<\/p>\n <\/template><\/p>\n Alden’s comments come shortly after billionaire investor Ray Dalio warned against Bitcoin as a long-term store<\/a> of value and safe-haven asset, arguing that it lacks central bank support and has lingering concerns about its privacy limitations and quantum resistance.<\/p>\n Related:<\/strong><\/em> Construction begins at quantum facility big enough to break Bitcoin<\/strong><\/em><\/a><\/p>\n “Gold is not a precious metal that’s speculated on,\u201d Dalio said on Tuesday, adding it is the \u201cmost established money\u201d that is the second-largest reserve asset held by central banks.<\/p>\n Meanwhile, CryptoQuant CEO Ki Young Ju said in October 2025<\/a> that Bitcoin\u2019s correlation with gold is increasing as both assets strengthen their reputations as hedges against macroeconomic uncertainty.<\/p>\n Magazine:<\/strong><\/em> Bitcoin may face hard fork over any attempt to freeze Satoshi\u2019s coins<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\nBitcoins Alden dismisses that gold is in a bubble<\/h2>\n
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Bitcoins Investors debate Bitcoin\u2019s narrative<\/h2>\n