After Gold Hits Record $4,392, Investors Turn Their Eyes to Bitcoin
Following gold’s surge to a record level of $4,392 per ounce, investors have begun shifting their focus toward Bitcoin. Crypto analyst Mario Nawfal noted that as the rally nears its peak, capital could start flowing into digital assets. If this trend continues, Bitcoin could rise to the $150,000–$180,000 range, he predicts.
Gold has soared more than 60% in 2025, reaching its highest level in a century. The rally has been fueled by U.S.-China trade tensions, global debt crisis concerns, and strong central bank purchases.
However, after U.S. markets opened on October 17, 2025, President Trump’s more conciliatory remarks regarding the trade war triggered profit-taking among investors. As a result, the spot gold price dropped from $4,392 to $4,250, wiping out nearly $1 trillion in market value.
Capital Flow Shifts Direction
According to Nawfal, major institutional investors have used the peak in gold prices as an opportunity to take profits and are quietly accumulating Bitcoin.
“They inflated gold and sold it at the top. Now, they’re using that liquidity to buy BTC,” he said.
A similar pattern occurred in 2020, when Bitcoin climbed from $10,000 to $60,000 just months after gold hit record highs. Currently, gold’s RSI stands above 85, signaling overbought conditions, while Bitcoin’s RSI is around 32, indicating it’s oversold.
Experts emphasize that around the October 29 FOMC meeting, a strong capital rotation could occur.
Supporting Nawfal’s view, Michael van de Poppe believes that as the gold rally loses momentum, investors will seek new opportunities — and Bitcoin will take the spotlight.
Van de Poppe noted that in the past, Bitcoin tended to lag behind gold but outperformed it after gold peaked. He predicted that the price could reach the $150,000–$180,000 range by the end of 2025, and even suggested that the $1 million level could come into focus within the next one to two years.
