Gold’s potential surge to $5,000 per ounce has sparked discussions among investors and analysts, including Ed Yardeni and John Paulson, who anticipate significant gains in the precious metal. But what does this mean for Bitcoin (BTC), often referred to as “digital gold”? Historically, Bitcoin has outperformed gold by a wide margin during market rallies. For instance, from March 2020 to March 2022, Bitcoin’s price skyrocketed by approximately 1,110%, while gold saw a modest increase of 35.5%. In a rally from November 2022 to November 2023, coinciding with a rise in global money supply (M2), gold gained 25%, whereas Bitcoin surged by 150%, showcasing nearly 6x outperformance. If gold climbs from its current value to $5,000, Bitcoin could potentially grow by 300%, reaching $285,000 per BTC. Analyst apsk32’s projected Bitcoin price target aligns with this scenario, based on a power law model normalized against gold’s market cap. Additionally, Frank Holmes, CEO of US Global Investors, predicts that gold could reach $6,000, attributing this to Trump’s policies potentially weakening the US dollar by 25%, thus boosting gold’s appeal. Holmes also anticipates Bitcoin breaking through its $97,000 supply overhang to reach $120,000-$150,000 in the near term, with a long-term potential of hitting $250,000. Market watchers suggest that if Bitcoin follows gold’s historical trend after a lag, it could aim for $155,000. Despite a 30% pullback from its peak, Bitcoin’s resilience strengthens its correlation with gold, hinting at a potential rally if market conditions improve. This article highlights the possibilities of Bitcoin’s price movements in correlation with gold’s performance, emphasizing the need for individual research and caution in investment decisions.