‘Leave Gold’ — Bitcoin Set To Outperform After Precious Metal’s Biggest Volatility Move Since 1979, Says Michael Van De Poppe

• In a post on X, Michael van de Poppe said Bitcoin could outperform gold in the coming months due to shifting volatility dynamics.
• He said lower volatility in gold may push investors toward higher-risk assets like Bitcoin.
• Bitcoin’s price rose nearly 4% in the past 24 hours, briefly crossing $78,000 for the first time since early February.

MNFund founder and chief investment officer Michael van de Poppe said on Friday that Bitcoin (BTC) could be poised to outperform gold in the coming months.

“I think it's time to focus fully on BTC and leave Gold for the moment,” he wrote in a post on X. “The reason for that is that we've seen the largest volatility outlier to the upside since 1979.”

Bitcoin’s price rose nearly 4% in the last 24 hours to around $77,300, paring gains from an intra-day high of over $78,200. This is the first time since early February that the apex cryptocurrency has crossed the $78,000 barrier. On Stocktwits, retail sentiment around BTC trended in ‘bullish’ territory over the past day, accompanied by ‘high’ levels of chatter. 

Meanwhile, the SPDR Gold Shares ETF (GLD) rose 1.5% in afternoon trade. Retail sentiment around the fund trended in ‘bearish’ territory over the past day, accompanied by chatter at ‘low’ levels. Users on the platforms noted that gold was testing its 50-day moving average.

Gold Rally May Be Losing Momentum

The price of gold has more than doubled since 2024 and is the largest uptick seen since the over 200% surge between 1979 and 1980, when the price of gold jumped from $226 per ounce to around almost $850 per ounce.

According to Van de Poppe, gold prices are likely to consolidate for the next few years and that could be good news for Bitcoin, which usually outperforms the precious metal during times of low volatility. He stated that Bitcoin often attracts capital when traditional “store of value” assets become less dynamic.

“When gold becomes less volatile and offers limited upside, investors move further out on the risk curve,” Van de Poppe wrote. “That’s where Bitcoin benefits.” Gold spot prices have gained over 12% year-to-date, while Bitcoin’s price is down more than 11%.  

Read also: XRP, ETH Outpace BTC On Iran Deal Hopes – Trump Reportedly Eyes Weekend Deadline

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