Do you remember that scene in 2020? Gold first surged to new highs, while Bitcoin was still struggling in its old position. Who knew that as soon as gold slowed down, Bitcoin would come with a wave of crazy rise.

Now? This story seems to be playing out again. Gold has reached a historic high today, with a rise of over 70%, while Bitcoin is still hovering around $88,000, having dropped 30% compared to the high point in October.

Let's take a look at what has happened this year - the Federal Reserve has cut interest rates 3 times, the Treasury is pouring $40 billion into the Treasury market every month, and the global money supply has reached an all-time high. This liquidity is quietly flowing back into the market. So the question arises, where has all this money gone? The answer is the same as in the past two cycles, it has all rushed into gold first.

But the data is there - gold is severely overbought, and the room for further acceleration is rapidly narrowing. When funds begin to shift from gold to other assets, how exaggerated will Bitcoin's rebound elasticity be? You can calculate it. The market value of gold is about $31 trillion, while Bitcoin is only $1.75 trillion. Even if Bitcoin only catches up to 30% of gold's market value in the next 5 years, the unit price could approach $450,000.

History may not repeat itself exactly, but it always loves to repeat its patterns. Will this time be an exception?