#黄金白银走高 yn Alden predicts Bitcoin will outperform gold over the next two to three years

Macroeconomist Lynn Alden states that there is a "slightly euphoric" sentiment in the gold market, while Bitcoin has been subjected to a "somewhat unfair negative perception."
Macroeconomist Lynn Alden says that after a recent strong rally in gold, Bitcoin's price performance could surpass gold before 2029. "If I had to choose which is better in the next two to three years, I would choose Bitcoin," Alden said on the New Era Financial podcast on Wednesday. "If I had to say which performs better, I would say Bitcoin," she added.
"Typically, gold prices tend to swing like a pendulum between the two. If gold has already risen so much, the law of diminishing returns in each cycle will also be broken in the next cycle."
Many crypto industry executives, including Coinbase CEO Brian Armstrong, predict that with increasing clarity in US regulation, Bitcoin will reach $1 million by 2030. Armstrong describes the US as the "bellwether for other G20 countries."
1 Alden denies that gold is in a bubble.
Bitcoin is often compared to gold and viewed as a hedge against inflation and economic uncertainty. Many investors call it "digital gold." Alden states that after gold hit a record high of about $5,608 in January, market sentiment was "somewhat euphoric." "I wouldn't say it's a bubble, but it does feel a bit euphoric," she said.
The JM Bullion Gold Fear and Greed Index, which tracks market sentiment towards gold, scored 72 (out of 100) in the "greed" category on Friday. Meanwhile, the Cryptocurrency Fear and Greed Index, which measures sentiment in Bitcoin and the broader crypto market, scored 18 in the "extreme fear" category on the same day.
Alden says that the current market view of Bitcoin is "a bit too negative." According to CoinMarketCap data, Bitcoin's trading price is $71,164, down 44% from its all-time high of $126,000 in October. Alden states she avoids overly relying on rigid narratives about the relationship between these two assets. "I try to avoid over-interpreting the absolutes of these things. Gold and Bitcoin can rise together or fall together," she explained.
2 Investors debate the narrative around Bitcoin.
Although both assets are often categorized as alternatives to fiat currency, this relationship is not always consistent; sometimes, during macroeconomic uncertainty, prices move in sync, and other times they decouple.
Alden made these comments shortly after billionaire investor Ray Dalio warned that Bitcoin is not suitable as a long-term store of value or safe haven asset. He believes Bitcoin lacks central bank backing, and concerns remain about its privacy restrictions and resistance to quantum attacks. Dalio said on Tuesday, "Gold is not a speculative precious metal," and added that it is "the most mature currency," and the second-largest reserve asset held by central banks worldwide.
Meanwhile, CryptoQuant CEO Ki Young Ju stated in October 2025 that as Bitcoin and gold's reputations as hedges against macroeconomic uncertainty continue to grow, the correlation between Bitcoin and gold is increasing.