Bitcoin is nearing the $69,000 price range and is only 6% away from breaching its all-time high of $73,737. Conversely, gold crossed the $2,700 mark on Sunday and is trading at $2,727 in the indices. If the precious metal holds positive momentum, its price could climb above the $2,800 mark. Bank of America wrote in its price forecast to investors that Bitcoin and gold could soon rally in the charts.
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Bank of America: Gold & Bitcoin Price Prediction
Bank of America wrote that the Federal Reserve’s determination to slash interest rates in the coming quarters could boost the price of Bitcoin and gold. According to the bank’s latest report, an investment made today could reap the benefits during Q2 of 2025.
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According to the Bank of America report, Bitcoin is projected to reach $75,000, and gold could hit $3,000. “Fed determination to slash real interest rates coming quarters, investors simply need to hedge inflation & threat of US dollar debasement (Bitcoin price all-time high of $75k would corroborate; gold heading well above $3000/oz,” read the report.
“Accompanying the first Fed’s 50bp rate cut, inflation expectations have risen, meaning that 10-year real yields, usually the most significant gold price driver, kept declining through September,” indicated Bank of America strategist Michael Hartnett. If Bitcoin hits $75,000, it would be an uptick and return on investment (ROI) of approximately 9% from its current price.
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Gold hitting $3,000 in the XAU/USD charts could generate returns of close to 10% from its current price of $2,727. Precious metals are among the top-performing assets in the financial sector, having risen 32.1% year-to-date.
Conversely, Bitcoin has surged a whopping 63.47 YTD, and both assets delivered massive returns. Therefore, Bank of America predicts that Bitcoin and gold could rally further in the coming months.