Gold is closing in on a historic milestone, with futures briefly touching $4,000 per ounce as investors seek refuge in safe-haven assets.
On Tuesday, gold futures reached $4,000, while spot prices peaked at $3,976, according to TradingView. This surge reflects growing investor concern over global inflation, geopolitical tensions, trade uncertainty, and the weakening of fiat currencies. Gold has seen remarkable gains this year, rising more than 50% since January. By comparison, Bitcoin has grown 33.5% over the same period.
Despite this, Bitcoin has historically followed gold’s trajectory, albeit with a slight lag, a pattern that suggests potential for a strong rally as the year closes.
Bitcoin could outperform gold
Peter Schiff, longtime gold advocate and Bitcoin critic noted on his X
Gold is at a new record high, trading above $3,975. That’s less than $25 away from $4,000. This is a clear warning that current Fed policy is wrong. The Fed needs to reverse course immediately, raise interest rates between meetings, and signal that more rate hikes are coming.
— Peter Schiff (@PeterSchiff) October 7, 2025
Analysts see gold’s record highs as a sign that demand for scarce, reliable assets remains strong and that Bitcoin may ultimately take the lead.
“Gold is a traditional asset with a long history. Bitcoin moves differently, it’s available 24/7, more scarce, and positioned for the future,” he explained.
The Gold-Bitcoin connection
There is an observation, that Bitcoin often lags behind gold and global money supply trends, but historical patterns suggest it tends to catch up.
“Gold’s peak illustrates the investor appetite for scarce assets. From here, we expect Bitcoin to outperform,” said Henrik Andersson of Apollo Capital.
Justin d’Anethan, head of partnerships at crypto-focused firm Arctic Digital, described the relationship as a “mutual confirmation.”
Both gold and Bitcoin respond to the same pressures: rising U.S. deficits, concerns over the dollar’s stability, and geopolitical uncertainty.
The rise of Bitcoin ETFs has further strengthened this connection. By providing institutional and retail investors with regulated access to digital assets, ETFs enhance Bitcoin’s legitimacy as a store of value. Major funds, such as the BlackRock iShares Bitcoin Trust, now manage tens of billions in assets, allowing investors to gain exposure to Bitcoin much like they would with gold.
Trader Ted Pillows mentioned that Bitcoin has displayed an eight-week lag in correlation with gold, meaning gains in the precious metal often precede Bitcoin’s rise.
Recent market movements reinforce this link. As gold reaches new heights, Bitcoin appears poised to follow. On Monday, Bitcoin briefly hit an all-time high of slightly over $126,000.
This data suggests that Bitcoin and gold are moving more closely together than ever. As of early 2024, their correlation has reached 76%, approaching an all-time high of 79%.
Toward a seven-figure Bitcoin?
Some industry figures see Bitcoin’s long-term potential far exceeding gold’s current value.
David Marcus, co-founder of Litespark and former head of PayPal, suggested that if Bitcoin were valued like gold, it could reach $1.3 million per coin.
“It’s already a stronger store of value, and its payment capabilities aren’t fully priced in. Crossing seven digits seems increasingly likely,” Marcus said.
With gold setting records, Bitcoin’s path may be clearer than ever, highlighting the growing role of digital assets alongside traditional safe havens.
Maryna Hornieieva
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