What will Bitcoin price be if gold hits $5K?

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Gold boom will push Bitcoin toward $250K — veteran fund manager

Frank Holmes, CEO of US Global Investors, sees gold heading to $6,000 during Trump’s presidential term, arguing that bullion has lagged behind the global M2 money supply surge.

He links this bold target to Trump’s tariff policies, which he believes could weaken the US dollar by around 25%, boosting gold’s appeal alongside strong central bank demand and underweight investor positioning.

Holmes predicts that Bitcoin could break through its $97,000 supply overhang and climb to $120,000–$150,000 in the near term, with a longer-term potential of reaching $250,000 as adoption accelerates.

BTC can hit $155K if gold’s lagging correlation holds

In late April, gold climbed to an all-time high of $3,500, up 33.35% year-to-date (YTD). It has corrected slightly to reach $3,237 as of May 5. In comparison, Bitcoin has risen merely 0.82% YTD.

BTC/USD and XAU/USD daily chart comparison. Source: TradingView

Some market watchers, including analyst Cryptollica, point to Bitcoin’s past behavior of following gold after a lag, suggesting a possible move toward the $155,000 level if it breaks out of its prevailing consolidation range.

BTC/USD vs XAU/USD trend comparison. Source: Cryptollica/X

Bitcoin’s 30% pullback from its record high of around $110,00 appears mild compared to past sell-offs of over 50%. This resilience strengthens its role alongside gold and raises the chance it could follow gold’s rally if market conditions improve.