Analyzing Bitcoin's past upward cycles indicates that the peak of this current cycle could reach around $170,000.
Note
If Bitcoin reaches $173,000, its market cap would be about 23.04% of gold's market cap. Setting this as a target wouldn't raise any eyebrows.Note
Future Goals for BitcoinFirst Milestone: Reaching Half of Gold's Market Cap
After achieving the initial target of about 23.04% of gold's market cap, the next goal is for Bitcoin to reach 50% of gold's market capitalization.
Ultimate Goal: Surpassing Gold's Market Cap
The long-term vision is for Bitcoin to eventually surpass gold's market cap. While this may seem ambitious, it is becoming an increasingly plausible scenario given current trends.
Long-Term Outlook
These goals may take time to achieve, but they represent a realistic and achievable trajectory for Bitcoin's growth, especially as its adoption and value continue to rise.
Note
It's interesting that every time Bitcoin goes through a rising cycle, its price gains an extra zero. There’s no other asset like this anywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.