FundStrat’s managing partner Tom Lee hopes that Bitcoin will catch up with gold now that the system’s Delaveraging is complete.
Bitcoin in particular has experienced a challenging year so far amidst sustained macroeconomic headwinds and global uncertainty. However, Fundstrat’s Tom Lee has recovered major ciphers and even more Overtakes the goldNow its institutional delage It seems there is That’s all.
Bitcoin struggles while gold shines
Specifically, in recent months, Bitcoin has fallen behind in the back of gold. The asset showed a sharp decline of 17.66% in February 2025, the worst monthly decline since the collapse of the Terra ecosystem in June 2022. As of April 2025, Bitcoin has fallen by 5.29% since the start of the year.
Geopolitical developments are taking a blow to investors’ sentiment. Earlier this year, President Donald Trump’s announcement of retaliatory tariffs led to a sale of global stock markets, which drove into the crypto market.
Trump later suspended these tariffs for 90 days, but ongoing US-China trade tensions continue to drive market uncertainty and encourage Bitcoin sales.
Meanwhile, gold has solidified its reputation as an a safety Haven. Precious metals have been making profits for the third consecutive month this year, up 9.39% in April alone. Since the start of the year, gold has increased by an astonishing 30.28%. In contrast to Bitcoin has dropped by 5.29%.
Tom Lee believes Bitcoin can catch up
About CNBC Scoeboxhost Joe Kernen and Fundstrat managing partner Tom Lee discussed Bitcoin performance related to Gold.
“Now that Derevar has finished making it, I think Bitcoin will catch up with gold,” says @Fundstrat. https://t.co/v5ipsckslw
– Squawk Box (@squawkcnbc) April 21, 2025
Kernen emphasized the previous conversation. Anthony Pompliano, Pompliano Proposed That bitcoin usually follows gold for several months, but ultimately passes it with strong momentum after 100 days.
Lee admitted that Pulliano may have made that point, and agreed with the broader idea that Bitcoin tends to gather after the gold rise.
According to Lee, the slow start to Bitcoin’s year Mostly paid Especially over the weekend, to be removed by institutional investors who were forced to settle their positions. Lee believes this wave of deleveraging has come to pass at first glance. Bitcoin It is positioned to close the gap with gold.
Lee also highlighted Bitcoin’s long-term strength as a non-dollar asset, with its previous high above $110,000. He argued that Bitcoin has plenty of room for growth and that it can catch up with gold as investors’ trust revives.
Kernen expressed concern about ongoing market volatility and asked whether the recent peak in Cboe’s Volatility Index (VIX), particularly the spike seen on April 7, showed a peak in investor fear.
Lee replied that uncertainty may persist due to economic risks and FRED policy discussions, but it is the worst. of The fear seems to have passed. He added that the bottom of the structure may already be in place.
BTC already shows signs of recovery
Currently, Bitcoin shows signs of rebound. Assets rose 6.54% so far In April, it hovered with the $88,000 mark of around 88,000 mark. Analysts like the Cryptollica Project will be even more upside down. prediction Bitcoin could reach a new all-time high of nearly $155,000 after a breakout from the wedge formation.
In particular, Bitcoin has previously slowed gold performance in 2025, but boasts excellent long-term profits. Bitcoin has skyrocketed 115% since January 2024, with 57% of gold rising sharply over the same time frame.
If Bitcoin matches Gold’s 30% profit from the start of the year, its price will well surpass its current level and rise to around $121,000. Given this context, Tom Lee’s bullish attitude remains.
Last December, he It’s predicted correctly That bitcoin will exceed $100,000 The end of 2024. Last month, he repetition The expectation is that assets could exceed $150,000 this year.
