Bitcoin Market Share Declines Amid Gold Rotation Speculation

Bitcoin's performance against gold has become a topic of discussion among analysts, with Michaël van de Poppe providing insights into the market dynamics.

In 2024, Bitcoin accounted for about 15% of the combined Bitcoin-gold market. However, its share has since dropped to around 4%. The total market value for these assets has grown from $17 trillion to $35 trillion.

Van de Poppe's analysis suggests that if gold weakens and capital rotates towards Bitcoin, it could lead to a significant increase in the cryptocurrency's price. He estimates that a return to a 15% share would place Bitcoin near $250,000 in the next cycle.