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Goldman Sachs Predicts Gold to Surpass Bitcoin and Silver, Eyes $4,000 per Ounce
According to a recent analysis by Goldman Sachs, gold is positioned to outperform both Bitcoin and silver, with the price projected to reach $4,000 per ounce—a 30% increase from its current level of $3,400. The report, as detailed by Forbes, highlights a significant shift in global investment behavior following the freezing of Russia's central bank assets in February 2022. This event undermined confidence in traditional safe havens like U.S. Treasuries, prompting central banks to increase their gold reserves.
Before 2022, central bank gold purchases averaged 17 tons per month. Since the onset of the Ukraine war, this figure has risen to 22 tons per month, and an extraordinary 94 tons per month year-to-date. China, the world's largest gold producer, aims to raise gold holdings to 20% of its reserves, while Russia continues to sell gold, often routing it through countries like Armenia and Kazakhstan. Goldman Sachs expects this central bank buying spree to persist for at least two more years, providing enough demand to drive gold prices higher.
Gold's appeal is further enhanced by its lower volatility and weaker correlation with equities compared to Bitcoin. Daan Struyven, co-head of global commodities research at Goldman, notes that while both Bitcoin and gold have appreciated significantly in recent years, Bitcoin remains more volatile and is closely tied to tech equities. In contrast, gold offers a more stable hedge against equity market downturns.
The report also dismisses silver as a viable alternative, citing its tendency to tarnish, lower value density, and lack of recognition as a reserve asset by the IMF or central banks. Silver's demand is primarily industrial and pro-cyclical, making it less effective as a hedge during economic downturns.
Asset | Current Price | Goldman Sachs Target | Central Bank Purchases (YTD) |
---|---|---|---|
Gold | $3,400/oz | $4,000/oz | 94 tons/month |
Bitcoin | Not specified | Not specified | Not applicable |
Silver | Not specified | Not specified | Not applicable |
- Central banks are increasing gold reserves at unprecedented rates.
- Gold is seen as a more reliable hedge than Bitcoin or silver.
- Goldman Sachs projects a 30% price increase for gold.
Key Takeaway: Goldman Sachs forecasts gold to reach $4,000/oz, driven by robust central bank demand and a shift away from traditional safe havens. (Source: Forbes)
Bitcoin Hits New All-Time High, Historical Patterns Suggest Volatility Ahead
On May 22, Bitcoin reached a new all-time high of nearly $112,000, with a total market capitalization of $2.2 trillion. This achievement places Bitcoin among the five most valuable assets globally, trailing only Apple, Nvidia, Microsoft, and gold, as reported by Yahoo Finance.
Bitcoin's price history reveals a pattern of four-year cycles, each marked by a halving event that typically signals a transition from growth to a bubble phase. The most recent halving occurred in April 2024, placing the current market more than 12 months into the bubble phase. Historical data shows that after reaching new highs, Bitcoin often experiences significant volatility and sharp corrections.
For example, following the May 2020 halving, Bitcoin rose from $10,000 to $60,000 within a year, only to fall to $30,000 before rebounding to $69,000 by the end of 2021. A subsequent crash saw prices drop to $16,000 by November 2022, before the cycle began anew. The current cycle has already seen a brief collapse to $75,000 in early 2025 before recovering to the latest high.
Date | Event | Bitcoin Price |
---|---|---|
May 11, 2020 | Halving | $10,000 |
April 2021 | All-Time High | $60,000 |
Late 2021 | All-Time High | $69,000 |
Nov 2022 | Crash | $16,000 |
Jan 2025 | All-Time High | Not specified |
May 22, 2025 | All-Time High | $112,000 |
- Bitcoin's four-year cycles are driven by halving events.
- New all-time highs are often followed by increased volatility and corrections.
- Market sentiment is currently very bullish, but historical patterns suggest caution.
Key Takeaway: Bitcoin's new record high is consistent with its historical four-year cycle, but investors should be prepared for potential volatility and corrections. (Source: Yahoo Finance)
Anticipated Innovations and Partnerships at the Bitcoin Conference 2025 in Las Vegas
The upcoming Bitcoin Conference in Las Vegas is set to be a landmark event for the Bitcoin ecosystem, with major announcements expected from companies involved in Layer 2 (L2) and BTCfi (Bitcoin finance) solutions. According to Bitcoin Magazine, the conference will feature the unveiling of BitVM2 bridges, which aim to transform centralized sidechain designs into true Bitcoin rollups and permissionless L2s. These developments could unlock a wide range of decentralized BTC use cases for all Bitcoin holders.
Significant partnership announcements are also anticipated, particularly at the infrastructure level, to address barriers to BTCfi adoption. The Lightning Network is expected to see major updates, especially with the integration of stablecoins like Tether (USDT) via Taproot Assets. This could mark a turning point for the mainstream adoption of the Lightning Network in 2025.
Governance discussions will be a focal point, with panels addressing covenant activation and mempool policy debates. These sessions are expected to provide deep insights into Bitcoin’s core mechanics and future direction.
- BitVM2 bridges could enable decentralized BTC use cases.
- Major infrastructure partnerships are expected to be announced.
- Lightning Network and Taproot Assets integration may drive mainstream adoption.
- Governance and technical debates will shape Bitcoin’s future.
Key Takeaway: The Bitcoin Conference 2025 is poised to deliver significant advancements in Layer 2 technology, partnerships, and governance, potentially reshaping the Bitcoin ecosystem. (Source: Bitcoin Magazine)
Cardone Capital Launches Hybrid Real Estate and Bitcoin Fund
Cardone Capital, a real estate investment firm managing over $5 billion in assets, has launched the 10X Miami River Bitcoin Fund. As reported by TradingView, this dual-asset fund combines a 346-unit multifamily property in Miami with $15 million in Bitcoin. The fund is Cardone Capital’s fourth blended investment vehicle, integrating BTC and commercial real estate.
The fund will convert a portion of its monthly cash flows from real estate into Bitcoin, with the long-term goal of accumulating $1 billion in real estate and $200 million in BTC as treasury assets. The approach aims to disrupt traditional real estate investment trusts (REITs) by offering exposure to both income-producing properties and Bitcoin as a store of value.
Cardone Capital also plans to onboard investors and tenants to Bitcoin without requiring technical expertise. One idea under consideration is a rewards program that pays long-term tenants in Satoshis for timely rent payments and good behavior. Additionally, the firm is exploring a hybrid Bitcoin mortgage product, allowing clients to borrow against their combined Bitcoin holdings and real estate equity.
- 10X Miami River Bitcoin Fund blends real estate and Bitcoin investments.
- Target: $1 billion in real estate and $200 million in BTC.
- Innovative rewards and mortgage products aim to drive Bitcoin adoption.
Key Takeaway: Cardone Capital’s hybrid fund offers a novel approach to real estate and Bitcoin investment, targeting both traditional and crypto-savvy investors. (Source: TradingView)
Crypto Investor Charged with Kidnapping and Torturing Man for Bitcoin Password
A crypto investor has been charged with kidnapping and torturing a man for several weeks in an attempt to obtain his Bitcoin password, according to a report by Fortune. The case highlights the risks associated with holding significant amounts of cryptocurrency, as individuals may become targets for criminal activity.
While the report does not provide further details on the incident, it underscores the importance of security and privacy for crypto investors, especially as the value of digital assets continues to rise.
- Crypto investor charged with kidnapping and torture over Bitcoin password.
- Incident highlights security risks for cryptocurrency holders.
Key Takeaway: The case serves as a stark reminder of the personal security risks faced by cryptocurrency investors. (Source: Fortune)
Sources:
- Gold To Top Bitcoin And Silver On Way To $4K Per Oz, Says Goldman Sachs
- Bitcoin New All-Time High: If History Is Any Guide, This Happens Next
- What to expect from the BTCfi & L2s companies at the Bitcoin Conference in Vegas
- Cardone Capital launches 10X Miami River Bitcoin Fund
- Crypto investor charged with torturing man in NYC for weeks over Bitcoin password
- A crypto investor is charged with kidnapping and torturing a man for weeks to get his Bitcoin password