Analysts predicts BTC price will grow together with the gold’s

Gold value has been growing over the recent weeks, unlike crypto market and S & P 500. Since the metal fall to $1670 in June, BTC continues to demonstrate its strength. Now the gold price is over $1800

How gold will assist BTC value growth

As mentioned above, golf’s value continued to grow unlike BTC market and

S & P500. BTC_JackSparrow, a well-known analyst and crypto traders predicts in his analysis that in case BTC follows gold, its value will see significant increase.

He argued that the surge will bring BTC new heights of at first $10K, and then $11K.

Mike Novogratz, Galaxy Digital CEO, said in his interview that gold will soon reach $2000,

“Federal Reserve and central banks around the world just continue printing money, so we are getting more and more money. Gold is to get new heights — $1950, or something. I suppose it’s just a beginning”.

In his outlook for BTC price, he previously predicted that BTC will reach its record $20 000 this year or the next one.