Could Bitcoin Hit 98x Price Leap Over Gold? 'Rich Dad Poor Dad' Author Already Believes That, But Here's What Glassnode Founder Says

Glassnode co-founder Negentropic on Friday conducted a detailed analysis on whether Bitcoin (BTC) could potentially reach 98 times the price of gold. 

What Happened: His examination revealed encouraging signs as key indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both showed a bullish sentiment. 

The RSI crossed the 50 mark, indicating possible upward momentum, while the MACD displayed a bullish crossover and demonstrated a continued upward trajectory.