What impact does a weaker US dollar have on gold and bitcoin?

According to a report by Bijie Network, Yardeni Research pointed out that the trends of bitcoin and gold are markedly different, attributing this divergence in part to currency dynamics. The firm noted that bitcoin is highly volatile and is expected to soar to nearly $125,000 by the end of 2025, before falling back to around $90,000. Meanwhile, gold has risen 2.5 times since March 2024, breaking through $3,000 per ounce. A weakening US dollar is considered unfavorable for bitcoin when priced in other currencies, but may support gold prices by driving up US inflation.