Gold’s 57% Rally Shows Blueprint for Bitcoin’s Next Bull Run
Bitwise CIO Matt Hougan highlights gold’s parabolic 57% surge in 2025, fueled by central bank purchases since 2022. Bitcoin, by contrast, has yet to see similar reserve‐asset adoption and remains stalled near $110,000 despite strong demand. Since the January 2024 launch of spot Bitcoin ETFs, institutional and corporate investors have acquired 1.39 million BTC—over four times the new supply—yet price‐sensitive holders selling into rallies have capped gains. Hougan draws a parallel: gold only went parabolic once short-term selling was exhausted. With ETF inflows and corporate treasury buying persisting, Bitcoin may be approaching a similar inflection point. Traders should study gold’s rally as a blueprint and stay patient as sell-side liquidity dwindles before a potential Bitcoin bull run.
Bullish
This analysis suggests a bullish outlook for Bitcoin. In the short term, weakening selling pressure from price‐sensitive holders combined with continued ETF and corporate demand reduces available sell-side liquidity, setting the stage for a sharp price uptick—similar to gold’s 2025 rally. Over the long term, sustained institutional and central-bank-style accumulation (via ETFs and corporate treasuries) could establish Bitcoin as a true reserve asset, further underpinning higher price levels and market stability.