Bitcoin will trade at this price if it overtakes Gold

After overtaking silver and Saudi Aramco – once a strong contender for the world’s biggest company – in terms of its market capitalization in late 2024 and experiencing a powerful rally in mid-January, Bitcoin ( BTC ) appears poised for a march toward new and unprecedented highs. BTC 12-month price target. Source: Finbold Still, despite many estimating that such a development is inevitable, BTC has a long way to go before turning the world’s biggest cryptocurrency into the world’s biggest asset. Specifically, Bitcoin would have to see its valuation rise above that of gold , meaning it would have to grow above a staggering $18.444 trillion. If the coin’s total supply of 21 million is used for the calculation, it means that BTC would need to trade at $878,285 – 715% above its press time price of $107,764. The goalpost only appears further if only the currently-mined 19.8 million Bitcoin is used as the price target becomes $930,924 – 763.85% above where it is on January 20. Top 10 assets by market capitalization. Source: CompaniesMarketCap Could Bitcoin become bigger than gold in 2025? What may come as a surprise is that despite most experts predicting the range between $220,000 and $350,000 as the current cycle’s top, some have predicted that BTC could overtake gold already in 2025. Specifically, on December 16, the prominent cryptocurrency lobbyist Perianne Boring stated that The Digital Chamber’s models show it is plausible Bitcoin would end the year above $800,000 and possibly above $900,000. Why Bitcoin appears poised to overtake Apple Furthermore, considering BTC’s recent successes and current price targets, it appears almost likely it will become the biggest non- commodity asset in the world in the next 12 months. Indeed, it had already overtaken silver – now the world’s ninth-biggest asset – Aramco – the eighth-biggest asset in the world – and sent Meta Platforms (NASDAQ: META ) to the tenth place. For Bitcoin to become bigger than the world’s biggest company, Apple (NASDAQ: APPL ), its market cap would have to grow larger than $3.458 trillion. If BTC’s total supply is taken into account, it would mean the coin would have to trade at $164,666, and if the current supply is used for the calculation, the price target becomes $174,535. The post Bitcoin will trade at this price if it overtakes Gold appeared first on Finbold .