JUST IN: Fairlead Strategies founder tells CNBC Bitcoin is "not over bought yet, so that's the good thing." "We're looking for more upside from gold...maybe it won't be quite as long lived as what we expect from Bitcoin"

What happened

The founder of Fairlead Strategies told CNBC that Bitcoin is not overbought yet, which is positive. They also expect more upside from gold, though possibly not as long-lasting as Bitcoin's expected gains.

Confirmed

Global impact / market context

If Bitcoin is not overbought, it may have room to keep rising, which could attract more investors. Gold also being expected to rise suggests both assets might see increased demand, potentially boosting their prices and related investments.

Analyst inference

This comment comes amid market interest in both Bitcoin and gold as alternative investments. Investors often turn to these assets when they expect economic uncertainty or inflation, so positive outlooks could influence where people put their money.

Analyst inference

What to watch

1. Watch for any further statements from Fairlead Strategies or CNBC interviews that might provide more details on their Bitcoin and gold price expectations. Confirmed
2. Consider monitoring Bitcoin's trading volume and price movement to see if it continues rising without becoming overbought, which could signal sustained momentum. Proposed
3. Watch for economic data or news that might affect gold's appeal, such as inflation reports or central bank decisions, which could influence how long its upside lasts. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com