Bitcoin Lags Gold as Global Liquidity Hits Record High
As global liquidity surges to an all-time high in April 2025 and gold breaks past $3,200 per ounce, Bitcoin remains around 30% below its previous peak, prompting analysts to explore the asset’s historical lag behind gold—and what that could signal next.
Joe Consorti, Head of Growth at Theya, highlighted a compelling historical trend: BTC tends to follow gold’s major price moves with a lag of 100 to 150 days. In a chart Consorti compared the performance of gold (XAU/USD) with Bitcoin (XBT/USD) between 2019 and April 2025.
“When the printer roars to life, gold sniffs it out first, then Bitcoin follows harder,” Consorti noted.
The implication? If history repeats, Bitcoin could be set for a sharp move higher within the next 3–4 months, especially as gold continues to push new highs.
Liquidity Surge Points to Risk Asset Rotation
Fueling the outlook for Bitcoin is a surge in global liquidity, as noted by popular on-chain analyst Root. Data from central banks—including the Fed, ECB, PBoC, BoJ, BoE, RBA, and BoC—shows the M2 money supply reaching its highest levels ever.
This spike indicates a wave of cash moving through the financial system, typically bullish for risk assets like cryptocurrencies.
Bitcoin vs Global Liquidity — April 2025
According to Root’s analysis, past Bitcoin bull markets often aligned with massive liquidity growth. More money in the system tends to chase assets outside traditional finance—and Bitcoin has historically been a prime beneficiary.
Further supporting the bullish thesis is record corporate demand for Bitcoin in Q1 2025. Despite regulatory uncertainty and volatility, institutions are continuing to accumulate BTC, signaling long-term confidence in its role as a hedge against inflation and fiat devaluation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
