- Gold hit record highs near $3,800, driven by global economic uncertainty, geopolitical tensions, and anticipated Federal Reserve rate cuts.
- After gold’s record highs, analysts like Lark Davis predict that Bitcoin could see a comparable rally in near term.
Gold prices reached record levels on September 23, 2025, approaching $3,800 per ounce. The metal has gained approximately 40 percent since the start of the year. This rally stems from several factors, including global economic uncertainty, geopolitical tensions, a weakening U.S. dollar, and anticipation of interest rate cuts by the Federal Reserve. Consequently, some market analysts are now examining the potential for a similar upward movement in Bitcoin.
Analyst Lark Davis observed that gold is performing strongly and suggested Bitcoin could experience a comparable rally. In response, Binance founder Changeng Zhao acknowledged gold’s value but highlighted its practical limitations.
oh, and holding it will generate more gold. 🤣
— CZ 🔶 BNB (@cz_binance) September 23, 2025
Zhao noted that gold is physically heavy, difficult to transport, and impractical for small everyday payments. He also mentioned that holding gold does not generate additional yield, unlike some digital assets.
Bitcoin critic Peter Schiff presented a contrasting view. He predicted a shift of investment from Bitcoin exchange-traded funds into gold and silver, particularly if gold surpasses $4,000 and Bitcoin falls below $100,000.
However, Schiff cautioned that a sharp decline in Bitcoin’s price could reduce the capital available for such a rotation. Meanwhile, other commentators like Blunz Capital proposed that supporters of both assets share a common goal of seeking alternatives to traditional finance.
I think the big rotation from Bitcoin ETFs to gold, silver, and precious metals mining stocks will begin when gold breaks above $4K and Bitcoin falls below $100K. The problem is that the selling may crash Bitcoin so low that there won’t be enough realized proceeds left to rotate.
— Peter Schiff (@PeterSchiff) September 22, 2025
Deutsche Bank analysts offered a longer-term perspective. They indicated Bitcoin and gold could eventually coexist on central bank balance sheets by 2030. The analysts also noted that Bitcoin’s volatility is decreasing as regulatory frameworks develop.
In current trading, Bitcoin’s price briefly dipped below $113,000 before recovering. It remains down over two percent for the week. Analyst Michaël van de Poppe identified $113,000 as a key support level.
I'm interested to see whether $BTC will hold these crucial levels for support.
If that's the case, then $115K upwards would be the next clear resistance point.
If not? Probably another cascade to $106-108K –> max buy zone. pic.twitter.com/1ByLIcYUkD
— Michaël van de Poppe (@CryptoMichNL) September 23, 2025
A hold above it might lead to a test of $115,000, while a break lower could see a move toward $106,000 to $108,000. Despite short-term volatility, experts like Benjamin Cowen maintain a positive outlook, expecting Bitcoin’s market dominance to increase in the coming months.
