Bitcoin Regains Its Gold Correlation, Poised for a Potential $1.3 Million Surge

According to Cointelegraph, Bitcoin has recently regained its correlation with gold, as both assets reached new all-time highs. Gold has surged more than 50% year-to-date, outperforming Bitcoin’s roughly 33.5% gain. Analysts note that although Bitcoin’s rally has lagged behind gold, if it continues to follow the metal’s bullish trajectory, a significant upside could emerge by the end of the year. While short-term pullbacks remain possible, Q4 is expected to be a pivotal period for Bitcoin.

Meanwhile, David Marcus, co-founder of Lightspark, projected that if Bitcoin’s value were to equal that of gold, one BTC could be worth as much as $1.3 million — suggesting that a seven-figure Bitcoin is only a matter of time.