Analysts say gold and Bitcoin can complement each other as gold nears $5,000

Beincrypto reports gold hit a new all-time high of $4,830 this week and is building momentum toward $5,000, prompting analysts and investors to argue the metal and Bitcoin are complementary rather than rivals.

Quantitative analyst PlanB said both assets share nearly identical risk-return profiles measured by the Calmar ratio and that combining them can enhance portfolio performance; he suggested an example allocation of 80% gold and 20% bitcoin would have less risk and twice the return compared with gold alone (tweeted January 20, 2026).

Investor ZynxBTC said gold at a $34 trillion market cap validates the Bitcoin thesis and makes it easier for people to move from gold to Bitcoin, calling current conditions a “golden opportunity” to acquire BTC. At the same time, commentators noted bitcoin has not mirrored recent metals rallies, indicating the market does not yet view BTC as a defensive asset.

Traders and analysts quoted in the briefing urged caution: filbfilb highlighted bitcoin’s permissionless transactability as its unique utility, while Peter Schiff warned Bitcoin holders could be frustrated if macro outcomes materialize and digital holdings underperform. Whether balancing gold’s stability with bitcoin’s upside will produce stronger risk-adjusted returns remains an open question.

Key Topics

Crypto, Gold, Bitcoin, Planb, Calmar Ratio, Peter Schiff