Gold Rally Above $5,300 in Early 2026 Seen as Signal for a Potential Bitcoin Surge

On 29 January 2026, analysts highlighted that gold’s sharp rise above $5,300 and gain of more than 20% since the start of 2026 contrasts with Bitcoin’s repeated failures to hold above $90,000. Gold is acting as a defensive asset amid geopolitical and economic uncertainty, while Bitcoin is still treated as a risk asset and is lagging. Historically, Bitcoin has often trailed gold’s major moves by several months, and some market participants expect capital to rotate from gold and silver into crypto later in 2026, with long‑term BTC targets mentioned around $150,000 to $200,000.