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The price of gold surged to a new all-time high of $3,357 per ounce on April 17, igniting speculation on whether Bitcoin (BTC)<\/a> would follow. <\/p>\n In 2017, Bitcoin rallied to $19,120 after gold witnessed a 30% hike a few months earlier. Similarly, gold reached a new high near $2,075 in 2020 during the COVID-19 pandemic, which preceded Bitcoin’s surge to $69,000 in 2021.<\/p>\n Bitcoin has historically surpassed its previous all-time highs whenever gold rallies, reflecting a dynamic relationship between the two assets during periods of economic uncertainty and when investors look for a US dollar alternative.<\/p>\n Further highlighting the interconnections between the assets, Joe Consorti, head of growth at Theya, pointed<\/a> out that BTC follows gold’s directional bias with a lag of 100-150 days at a time. Consorti said, <\/p>\n “When the printer roars to life, gold sniffs it out first, then Bitcoin follows harder.”<\/p><\/blockquote>\n Considering Consorti’s view, Bitcoin is expected to potentially attain new all-time highs between Q3 and Q4 of 2025. Anonymous Bitcoin proponent apsk32 expected<\/a> a similar outcome or bullish period between July and November. <\/p>\n Looking at data from past Bitcoin price cycles and BTC’s “power curve time contours,” the analyst predicted that Bitcoin will enter a parabolic phase in the latter half of 2025, with a price target as high as $400,000<\/a>. Using the power law model, the analyst normalized Bitcoin’s market cap to gold’s and plotted BTC on a logarithmic scale, measuring each Bitcoin in ounces of gold instead of dollars.<\/p>\n Related: Bitcoin gold copycat move may top $150K as BTC stays ‘impressive’<\/strong><\/em><\/a><\/p>\n In a recent interview with CNBC, Galaxy Digital CEO Mike Novogratz said that<\/a> Bitcoin and gold are “key indicators of financial stewardship” amid global macroeconomic uncertainty. Highlighting it as a “Minsky Moment” for the US economy, Novogratz said that Bitcoin thrives in market turbulence, driven by a weakening US dollar and capital flowing into safe havens like gold, which has recently rallied. <\/p>\n Novogratz added that despite a 10% year-to-date drop in equities, markets underestimate the scale of global economic shifts, with tariffs and Trump’s policies adding uncertainty. He cautioned that rising interest rates and a weakening dollar signal the US is behaving like an emerging market, with Bitcoin and gold reflecting growing concerns over unsustainable deficits and the $35 trillion national debt.<\/p>\n![\"Cryptocurrencies,](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/0196436b-38aa-7148-b6dd-b27980a0903e-scaled.jpg\" "\\"\\"")
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Bitcoin trading like “Mag 8” amid tariff uncertainty<\/h2>\n