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Bitcoin, currently trading near $97,604, may be poised for a sharp price correction in the coming months, according to an analysis of its performance against gold.

The world of finance has witnessed a fascinating evolution in recent years, with the rise of cryptocurrencies challenging the long-standing dominance of traditional assets like gold.

As the global economy faces inflationary pressures, with the average inflation rate for 2023 sitting at 5.69%, many people are questioning the effectiveness of traditional financial systems.

Bitcoin Exchange-Traded Funds (ETFs) have emerged as a dominant force in the digital asset investment space, reshaping the landscape since their approval earlier this year.

At the recent Plan ₿ Forum, Tether CEO Paolo Ardoino disclosed that the company holds $9.45 billion in Bitcoin and gold as part of its reserve structure.

The debate over whether gold or Bitcoin is a superior store of value has intensified as both assets have seen significant price gains in 2024.