According to CoinMeta, Zhao Changpeng, the founder of Binance, stated that in the next bull market, Bitcoin's market value is expected to surpass that of gold, with the current gap between the two being about 10 times. It is estimated that if Bitcoin reaches the total market value of gold, its price would be around $1.86 million. He pointed out that if Bitcoin becomes a strategic reserve asset for various countries, its importance could exceed that of gold, but it will take time for central banks and governments to shift to Bitcoin. Data from Glassnode shows that the correlation between Bitcoin and gold has increased from 0.21 in March to about 0.57 over 90 days, while the correlation with the NASDAQ 100 index has decreased from 0.57 to 0.22. Another estimate indicates that the correlation between Bitcoin and gold is around 0.59, which is the highest level since 2020.