The recent surge in gold and silver prices may trigger the next major crypto rally. That’s the view of CoinEx regional manager for the CIS, Mal Zeyn, who commented on current trends in global markets, DKNews.kz reports.
According to him, precious metals have taken over the role of a “safe haven.” Over the past year, gold has gained around 69%, while silver has soared by 161%.
Geopolitical tensions, shrinking reserves and rising industrial demand have all fueled this momentum — and, as Zeyn notes, temporarily “paused” the growth of major cryptocurrencies.
“The sideways movement of Bitcoin against the backdrop of record-breaking gold and silver prices looks like the calm before the storm. Historically, such phases are often followed by a crypto rally,” Zeyn says.
Bitcoin selling slows, while ETH keeps accumulating
The expert points out that long-term Bitcoin holders have, for the first time since July, stopped selling.
Meanwhile, the Ethereum ecosystem is showing strong signals:
- the exit queue from staking has finally cleared;
- large institutional players continue accumulating ETH;
- the Ethereum network processed a record 2.2 million transactions in a single day;
- transaction fees have fallen to historic lows.
All of this, according to Zeyn, indicates that the market may be preparing for a new growth cycle.
“Like a match in a powder magazine”
The sharpest moves, however, may depend on what happens next in the precious metals market.
“The end of the gold and silver rally is like striking a match in a powder magazine — it can ignite everything,” he notes.
Zeyn’s forecast:
- in Q1 2026, Bitcoin could reach $125,000–130,000,
- while Ethereum may rise to $4,300–4,800.
But that scenario is unlikely unless precious metals cool off first.
If gold and silver were to drop sharply back to early-2025 levels, the rally could become explosive:
BTC could potentially exceed $200,000, and ETH could move above $6,000.
Risks remain
At the same time, the expert stresses that the market remains highly volatile, and any projections depend on macroeconomic stability and behavior of major players.
