Stocks printed fresh records and gold is on a tear crossing $3,900, but the last leg higher in traditional markets left bitcoin BTC $ 118,389.66 behind. Over the past couple of years, gold and bitcoin have taken turns: when gold breaks out, bitcoin tends to consolidate; when gold cools, BTC often resumes the advance. BTC versus gold (TradingView)From January into April, BTC plunged about 30% while gold kicked off its next leg, rising roughly 28% to $3,500 at the height of the global tariff tantrum. Bitcoin to catch up when gold tires"Gold likes low rates and a weak economy, whereas bitcoin likes them firm," said Charlie Morris, chief investment officer at ByteTree, in a recent report. "Because bitcoin likes a super strong economy, and low rates are associated with economic slumps."