Bitcoin on the Verge of Breaking New Records in 2025
In a remarkable turn of events, Bitcoin (BTC) has surpassed both silver and Saudi Aramco in market capitalization by late 2024, establishing itself as a formidable force in the financial world. With an impressive surge in mid-January, Bitcoin seems geared up for a journey towards unprecedented heights, potentially revolutionizing the landscape of digital assets.
Despite the widespread belief that Bitcoin’s dominance is on the horizon, it still faces a considerable challenge before claiming the title of the world’s most valuable asset. To outshine gold, Bitcoin’s market valuation must surpass a colossal $18.444 trillion.
Assuming Bitcoin’s total supply of 21 million, the cryptocurrency would need to reach a staggering price of $878,285 per coin, marking a 715% increase from its current value of $107,764. If we consider only the 19.8 million Bitcoin that have already been mined, the target price escalates to $930,924, which is a 763.85% rise from its value as of January 20.
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Could Bitcoin Surpass Gold in 2025?
Despite prevalent expert predictions setting Bitcoin’s peak within the $220,000 to $350,000 range for the current cycle, some forecasts suggest Bitcoin could outshine gold as early as 2025. Notably, on December 16, influential cryptocurrency advocate Perianne Boring revealed that The Digital Chamber’s models foresee Bitcoin potentially exceeding $800,000, and possibly even $900,000, by year-end.
Bitcoin Set to Overtake Apple in the Race for Market Supremacy
Given Bitcoin’s recent accomplishments and ambitious price targets, it appears increasingly plausible that it will become the largest non-commodity asset globally within the next 12 months. Bitcoin has already surpassed silver, which holds the position of the ninth-largest asset, and Aramco, the eighth-largest asset, pushing Meta Platforms (NASDAQ: META) to the tenth spot.
For Bitcoin to eclipse Apple (NASDAQ: APPL), the current leader among corporations, its market capitalization must exceed $3.458 trillion. This would require Bitcoin to trade at $164,666, assuming the total supply is considered. If we base the calculation on the current supply, the necessary price target rises to $174,535.
