The founder of digital asset fund Capriole Investments said that the BTC price movement still looks "very promising". Edwards uploaded a chart comparing the BTC price movement with the gold price movement since the end of 2019, and he concluded that once gold starts to show a new trend, it will only take time for Bitcoin to keep up. Superimposing XAU/USD onto BTC/USD shows that the incubation period for Bitcoin is about three months. "According to a rough rule of thumb, the macro trend of bitcoin is usually a few months behind gold."