Benson Sun: Bitcoin Gold-Correlation Hits Record High, Main Rally Pending
CoinKarma founder Benson Sun suggests that Bitcoin is increasingly behaving like digital gold rather than a high-beta tech stock, noting that the 60-day correlation between BTC and gold has reached historic highs. Sun believes the primary bull market rally has not yet been triggered and advises focusing on established market leaders such as ZEC, HYPE, UNI, and NEAR. He identifies $82,000–$83,000 as a critical support level for Bitcoin and projects a long-term valuation target of $150,000 to $250,000 based on the BTC/Gold ratio.
Summaries are written by AI from the original article. Not investment advice.