{"id":74354,"date":"2026-06-21T21:27:02","date_gmt":"2026-06-21T21:27:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/two-gold-bugs-stand-firm-on-golds-rally-lawrence-lepard-targets-1-million-bitcoin\/"},"modified":"2026-06-21T21:27:02","modified_gmt":"2026-06-21T21:27:02","slug":"two-gold-bugs-stand-firm-on-golds-rally-lawrence-lepard-targets-1-million-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/two-gold-bugs-stand-firm-on-golds-rally-lawrence-lepard-targets-1-million-bitcoin\/","title":{"rendered":"Two Gold Bugs Stand Firm on Gold&#8217;s Rally, Lawrence Lepard Targets $1 Million Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Gold fell to $4,156 on June 19, its third straight weekly loss amid Fed rate hike bets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Goldman Sachs cut its 2026 gold target to $4,900 from $5,400 on June 13-20 data.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lawrence Lepard says bitcoin could reach $1 million as debt concerns build for years.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Spot <span>gold<\/span> opened the week near $4,214 per ounce on June 13. Prices climbed as high as $4,330 to $4,380 by midweek on optimism around a U.S.-Iran truce deal involving President Trump. The rally reversed sharply after the Fed signaled it could raise rates later in 2026, sending <span>gold<\/span> down to $4,151 to $4,173 by June 19 and 20.<\/p>\n<p>The pullback marks a roughly 3.4% weekly loss and extends a broader June correction that has pulled <span>gold<\/span> down about 8.5% for the month. <span>Gold<\/span> remains about 23% higher than a year ago but sits well below its January 2026 record of roughly $5,608 per ounce.<\/p>\n<h2>Dollar Strength Weighs on <span>Gold<\/span><\/h2>\n<p>The U.S. dollar climbed to its highest level in 13 months during the week. A stronger dollar makes <span>gold<\/span> more expensive for holders of other currencies and typically reduces demand for the metal alongside other assets.<\/p>\n<figure id=\"attachment_824732\" aria-describedby=\"caption-attachment-824732\" style=\"width:1996px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-824732\" class=\"wp-caption-text\"> <span>Gold<\/span> price June 21, 2026.<\/figcaption><\/figure>\n<p>Higher Treasury yields added pressure too. Investors who hold non-yielding assets like <span>gold<\/span> face a higher opportunity cost when yields rise, and that dynamic played out through the back half of the week.<\/p>\n<h2>Fed Signals Hawkish Tilt<\/h2>\n<p>The Federal Reserve held its target rate steady around 3.5% to 3.75% but pointed to the possibility of additional hikes later this year. Acting Fed leadership tied to <a href=\"https:\/\/news.bitcoin.com\/new-fed-chair-kevin-warsh-ditches-rate-signals-bitcoin-slides-as-nasdaq-bounces-1-5\/\">Kevin Warsh<\/a> emphasized price stability in recent commentary, and markets responded by raising the odds of a rate increase as soon as September.<\/p>\n<p>Hot <span>inflation<\/span> data added to the case. May consumer prices rose 4.2% year over year, the highest reading since 2023. <span>Gold<\/span> closed below its 200-day moving average for a sustained period for the first time since late 2023, a technical signal some traders watch as a marker of weakening long-term momentum.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/coinbase-24-7-gold-silver-futures-us\/\">Silver<\/a> fell harder than <span>gold<\/span> during the same stretch, dropping to around $64.90 by June 19 with monthly losses near 14%.<\/p>\n<h2>Analysts Split on What Comes Next<\/h2>\n<p><a href=\"https:\/\/news.bitcoin.com\/goldman-sachs-apex-group-and-archax-build-institutional-tokenized-real-estate-fund\/\">Goldman Sachs<\/a> lowered its year-end 2026 <span>gold<\/span> target to $4,900 per ounce from $5,400, citing delayed Fed rate cuts and softer demand for gold-backed exchange-traded funds (ETFs). Trading Economics models point to <span>gold<\/span> near $4,162 by the end of the second quarter, with a 12-month projection around $4,527.<\/p>\n<p>Frank Giustra, <a href=\"https:\/\/youtu.be\/bNuljOP4Ric?si=BiC6zNVyLzvR4Jey\" target=\"_blank\" rel=\"noopener noreferrer\">speaking<\/a> with Kitco News anchor Jeremy Szafron this week, described the pullback as a normal correction rather than the end of the <span>gold<\/span> <span>bull market<\/span>. He argued that central banks, not retail speculators, drove <span>gold<\/span> from around $1,800 to its record highs, and that those buyers have not stopped purchasing.<\/p>\n<p>Giustra is a Canadian mining financier and entrepreneur known for building, funding, and combining major <span>gold<\/span> and natural resource companies, including Wheaton River Minerals\/Goldcorp and Leagold Mining\/Equinox <span>Gold<\/span>. He currently serves as the head of the Fiore Group.<\/p>\n<p>Giustra pointed to central bank reserve diversification away from the dollar, accelerated in his view by the freezing of Russian reserves, along with efforts by China and other BRICS nations to build payment systems outside the dollar network. He expects mining stocks to eventually catch up to bullion and predicted more mergers among mining companies as producers search for new deposits.<\/p>\n<p>Lawrence Lepard, in a separate <a href=\"https:\/\/youtu.be\/GRsXpcuqIc4?si=LFRB39iNzDROscA8\" target=\"_blank\" rel=\"noopener noreferrer\">interview<\/a> with Szafron this week, offered a similar read. He tied <span>gold<\/span>\u2019s rise from around $3,000 to more than $5,500 to growing recognition that U.S. government deficits will likely be financed through monetary expansion rather than spending cuts. Lepard said he would change his <span>bullish<\/span> view only if governments became fiscally disciplined, which he called unlikely.<\/p>\n<p dir=\"auto\">Lepard is a well-known professional investment manager, sound money advocate, and author of \u201c<em>The Big Print<\/em>,\u201d who runs Equity Management Associates and focuses on <span>bitcoin<\/span> and <span>gold<\/span>\/silver mining investments.<\/p>\n<p>While chatting with Szafron this week, Lepard described <span>gold<\/span> and silver investor positioning as still in the \u201cthird inning\u201d of a longer cycle, noting that most capital remains concentrated in AI and technology stocks rather than precious metals.<\/p>\n<h2> <span>Bitcoin<\/span> Enters the Conversation<\/h2>\n<p>Lepard, who holds both <span>gold<\/span> and <span>bitcoin<\/span>, called <span>bitcoin<\/span>\u2019s fixed 21 million supply a form of digital scarcity that complements <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a>\u2019s physical scarcity. He said the current <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> pullback looks mild compared with past cycles that saw drawdowns of 70% or more, which he views as a sign of growing institutional support.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>He laid out long-term projections measured in decades, including a potential move from roughly $100,000 to $1 million and eventually toward $10 million, and said he believes holding zero <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> is a mistake given its risk-reward profile.<\/p>\n<h2>What to Watch<\/h2>\n<p>Traders are watching for further data on <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a>, jobs, and Fed commentary, along with any follow-through on the U.S.-Iran agreement. Analysts pointed to support near $4,000 to $4,100 as the next level to monitor if the correction continues.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/two-gold-bugs-stand-firm-on-golds-rally-lawrence-lepard-targets-1-million-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Gold fell to $4,156 on June 19, its third straight weekly loss amid Fed rate hike bets. Goldman Sachs cut its 2026 gold target to $4,900 from $5,400 on June 13-20 data. Lawrence Lepard says bitcoin could reach $1 million as debt concerns build for years. [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74354"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74354"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74355"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}