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Gold has reached unprecedented price levels At the top of 2025, it surpassed $4,525 per ounce and reached latest all-time highs as Bitcoin price continues to struggle. This increase has pushed gold's overall market capitalization higher at levels that dwarf the worth the world's largest cryptocurrency. This difference between gold, the established safe-haven asset, and Bitcoin, a growing digital store of value, raises a provocative query: If BTC's overall valuation were equal to gold's highest market cap, what price would BTC have to achieve?
The massive gold rise in 2025
Gold's 2025 rally captured global attention as the worth climbed above $4,500 an oz. for the primary time, setting a brand new record that reflects greater than just short-term speculation. Gold's strength this yr doesn't just depend upon the worth per ounce. Measured by market capitalization Gold added price around $12 trillion because the starting of 2025 alone. This one-year increase in gold's market cap is about seven times larger than the whole Bitcoin market cap.
This recent all-time high price has helped push gold's total market capitalization to an estimated $31.1 trillion, based on the overall value of above-ground gold reserves multiplied by the increased price per ounce. Bitcoin's market cap is currently $1.736 trillion, based on a circulating supply of just below 20 million BTC. Unlike gold, BTC's overall valuation is has not increased this yr. Instead, it has shrunk by around $100 billion since January 1, and its price is now hovering around $80,000.
Market capitalization of gold and Bitcoin. Source: Companymarketcap.com
Simply put, Bitcoin represents only a small portion of gold's valuation. At today's levels, gold's $31 trillion market cap means Bitcoin is about 18 times a greater fit for gold. This ratio is a very good indication for Bitcoin's long-term growth potential given its repute as a digital version of gold.
What would the Bitcoin price be at gold's ATH market cap?
If Bitcoin were to achieve gold's $31 trillion market cap, the corresponding price per BTC can be significantly higher than current levels. With a circulating supply of about 19.96 million BTC, BTC would want to rise to about $1.55 million per coin to match gold's current all-time market cap.
The capital inflow required for BTC to achieve this price level is big and unprecedented. Nevertheless, many Bitcoin maximalists imagine this Scenario will not be unrealistic over an extended time period.
Michael Saylor, one among Bitcoin's most vocal proponents, has suggested that BTC will eventually surpass the overall market value of gold inside the subsequent 10 years. In an interview in November, Saylor said said he did it “No doubt” that BTC will probably be a bigger asset class than gold by 2035.
It is clear that the yr is 2025 is about to have a red yr for Bitcoin and the whole crypto market. However, 2026 could prove to be a yr of recovery and normalization. recovery on this context doesn’t mean an explosive upward trend, But it’s a time when bearish price motion is dismantled and confidence in BTC is step by step being rebuilt.
BTC bulls are losing momentum | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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