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Analyst: Although the rise of gold is strong, the fundamental outlook for Bitcoin remains optimistic.
Odaily News The historic rise of gold makes Bitcoin look pale in comparison, but analysts remain optimistic. Market analyst Linh Tran stated: "In the short term, the fundamental outlook for Bitcoin remains optimistic, thanks to expectations of monetary easing, ongoing ETF inflows, and sustained safe-haven demand. If the Fed provides clearer signals regarding the start of the interest rate cut cycle in the upcoming meeting, Bitcoin may continue to benefit and have further room for rise in the fourth quarter, breaking through new price ranges." (CoinDesk)