Is Bitcoin About to Skyrocket As Investors Exit Gold, Analyst Signals A Key Shift

Bitcoin (BTC) is now taking center stage in investor conversations about valuable assets as market watchers are seeing a clear pivot from traditional safe-haven assets like gold. This potential shift is gathering steam, fueled by changing investor sentiment and broader macroeconomic uncertainty.

Visible Cool-off in Gold Acquisition Spree

In a recent post on X, Eric Balchunas of Bloomberg described a market vibe shift. This shift is a move away from fear and toward FOMO. More investors are starting to worry they might miss out on better opportunities other than gold.

In early 2025, the gold price topped $3,000 per troy ounce and recently hit $3,500. This remarkable breakout surprised many experts. Bloomberg described gold’s price as acting like a Veblen good, where demand rises as price goes up. Generally, this goes against usual market logic.

Still, in a recent post on X, the Kobeissi Letter echoed this, reporting a 5% gain in gold from its May 15 low, driven by growing uncertainty. However, this strong momentum is starting to lose steam. Financial experts are beginning to question the sustainability of gold, especially in the wake of fresh global tensions. 

Some analysts believe the recent spike is fear-driven and may not last. Others warn that a sharp correction in gold may be on the way.

Will Bitcoin Displace Gold in Safe Haven Tag?

It is worth noting that the largest digital asset, Bitcoin, is now being mentioned in the same context as gold regarding a global haven asset. As gold’s momentum drops, Bitcoin’s scarcity and technological strength are drawing in retail and institutional interest. 

CNBC’s crypto trader Ran Neuner warned that lab-grown gold experiments could hurt the precious metal’s appeal. He pointed to a recent breakthrough where CERN’s Large Hadron Collider was used to turn Lead into gold. Some experts believe this challenges gold’s natural scarcity and could lead to Bitcoin dominance.

In contrast, science has touched the fixed supply of Bitcoin. The asset’s resilience during recent market shifts and growing recognition among traditional traders hint at a potential breakthrough. 

Altcoins Poised For Growth Amid Market Shift

A growing number of investors are also eyeing the altcoin season. According to analyst Rekt Capital, if the altcoin market cap (excluding top ten coins) holds above $250 billion, a breakout to $315 billion is likely. For now, Ethereum is leading the charge, with recent gains sparking renewed optimism.

In addition, Arthur Hayes, former BitMEX CEO, has predicted a more focused altcoin season, unlike 2021’s broad surge. He believes Ethereum will outperform Solana, noting that only solid projects will thrive in this cycle. With Bitcoin at the forefront and XRP and Cardano gaining traction, the shift toward risk-on assets is clear.

Bitcoin is no longer a mere alternative to Gold. As gold loses favor, the market’s attention is moving fast. Per speculation, Bitcoin might just be ready to take the lead.

At the time of writing, the coin was changing hands for $106,006, up 2% in 24 hours. The general investor shift might see it skyrocket beyond its previous all-time high.