【BlockBeats】Recently, I came across an interesting perspective—chief investment officers from investment institutions compared the price logic of gold and Bitcoin. They said that if the demand for ETF purchases can continue, Bitcoin's price is very likely to enter a parabolic upward phase. How to understand this? Just look at the story of gold.
In 2022, central banks started buying gold aggressively. As everyone knows, the background is that the US froze and confiscated the US debt assets of a certain country, which scared central banks around the world. As a result, gold purchases jumped from the original 500 tons per year to 1,000 tons, and then remained at this high level.
But here’s an interesting phenomenon—demand surged, but gold prices did not immediately take off. In 2022, it only increased by 2%, in 2023 by 13%, and in 2024 by 27%. The real frenzy was in 2025, with a direct increase of 65%, which is the so-called "parabola."
The reason is very simple: the initial few