Forecasts for the second half of the year suggest that bitcoin will continue to grow steadily in price, outstripping gold in terms of growth rates. This is facilitated by active corporate investments and expanding support from the United States. Analysts attribute the current processes to the implementation of the debasement trade strategy, which by the end of 2024 had evolved into a zero-sum game, where the success of one asset is achieved by weakening the position of another. In the period from February to April, gold grew due to the weakening of bitcoin, but over the past three weeks the situation has changed – the first cryptocurrency began to gain strength. Experts believe that such parity will remain until the end of the year, but factors related to digital assets will provide bitcoin with more advantages. After peaking on April 22, gold fell by almost 8%, while the price of bitcoin increased by 18%. This trend is confirmed by the change in investment flows – capital is actively leaving ETFs for precious metals and is directed to spot BTC ETFs and crypto ETFs. A similar trend is observed in the futures market: positions in gold are declining, and interest in bitcoin contracts is growing. At the beginning of the year, the situation was the opposite.
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