Forecasted Significant Increase in Gold Price, According to Analyst, with Gold Transitioning into Parabolic Overvaluation Phase
Spotlight on the Crypto Market
April 23, 2025
In the ever-evolving world of cryptocurrency, analysts are keeping a keen eye on the bullish trends that have taken hold of both Bitcoin and Gold.
In the social media platform X, Pseudonymous trader Dave the Wave suggests that the precious metal's bull market has reached a critical point, indicating potential 2x gains for gold. His chart prediction suggests that gold's parabolic rally, which began in 2016, could stretch to 2028, reaching a whopping $7,500 per ounce.
Meanwhile, Bitcoin seems to be following gold's footsteps as it surpassed the previous resistance at $90,000. Dave the Wave believes that Bitcoin's strength lies in its digital gold function, allowing it to thrive even in uncertain markets. At the time of writing, the crypto king is trading at $93,559, experiencing a gain of more than 7% in the past 24 hours.
Similar sentiments are shared by Adam Kobeissi, the founder of The Kobeissi Letter. He believes that both Bitcoin and gold are gaining momentum as investors seek shelter in safe-haven assets due to US dollar weakness and increasing instability.
As for predictions about the future, while Dave the Wave hasn't shared any specific forecasts for Bitcoin in 2028, other sources hint at a potential market capitalization of $10 trillion for Bitcoin by 2028, implying a significant price growth[1][2]. At present, the price of Gold has surpassed $3,400 per ounce in 2025[3], but no specific predictions for 2028 have been identified from Dave the Wave or any other sources.
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- In the world of cryptocurrency, analysts are focusing on the bullish trends of not just Bitcoin, but also altcoins like Ethereum, as they mirror the rising gold prices.
- Dave the Wave, a pseudonymous trader on social media X, predicts that gold's bull market, which started in 2016, could extend to 2028, potentially reaching $7,500 per ounce, while Bitcoin, resembling gold due to its digital gold function, continues to thrive in uncertain markets.
- Adam Kobeissi, the founder of The Kobeissi Letter, agrees that both Bitcoin and gold are gaining momentum as investors look for safe-haven assets due to US dollar weakness and growing instability.
- As for future predictions, while Dave the Wave hasn't specified a forecast for Bitcoin in 2028, some sources suggest a potential market capitalization of $10 trillion for Bitcoin by 2028, indicating significant price growth.
- In the ever-evolving landscape of finance, including macro, Bitcoin, Ethereum, crypto, and web 3, stories abound about the future, with industry announcements, partnerships, and new launches continually coming to light.
