By the words co-founder of the analytics company Messari, Dan McArdle, the Bitcoin price can repeat the behavior of gold in 2008-2011 in the coming years. By such a forecast, the price of bitcoin may fall in the short term, but then there will be a sharp increase to a new historical maximum.
Dan McArdle writes on his Twitter:
McArdle refers to a recent comment by gold market analyst Raoul Pal, who recently gave a promising forecast for gold and bitcoin in the Stephan Livera podcast.
He compared the current profitability of gold and Bitcoin, implying that markets prepare for the sudden end of a long series of dollar wins. In his opinion, the only question is when this will happen. Pal believes that during the imminent correction of the dollar, which will come in the near future (12 - 18 months), gold and Bitcoin will show their best, as they will become lifeboats for saving capital.
In turn, a well-known gold fan Peter Schiff continues to say gold is much better suited for a safe investment, in comparison with Bitcoin.