gold reached unprecedented price levels While the Bitcoin price continued to struggle, it reached a new all-time high by the end of 2025, exceeding $4,525 per ounce. This surge pushed up the market capitalization of gold. to the point where the value is trivialized The world’s largest cryptocurrency. This difference between gold, an established safe asset, and Bitcoin, an ever-growing digital store of value, raises provocative questions. If the total valuation of BTC is equal to the highest market cap of gold, what price should BTC reach?
Gold will rise significantly in 2025
The 2025 gold price rally attracted global attention, with prices exceeding $4,500 per ounce for the first time, setting a new record reflecting more than just short-term speculation. Gold’s strength this year goes beyond its price per ounce. In terms of market capitalization, gold added It will be worth about $12 trillion since the beginning of 2025 alone. The increase in gold’s market capitalization over the past year is approximately seven times greater than Bitcoin’s total market capitalization.
This recent all-time high price helped push the total market capitalization of gold to an estimated $31.1 trillion, which is calculated by multiplying the total above-ground gold stocks by the per-ounce price increase. Bitcoin’s market capitalization currently stands at $1.736 trillion, based on a circulating supply of just under 20 million BTC. Unlike gold, the total valuation of BTC is It has not increased this year. Instead, it has fallen by about $100 billion since January 1, with prices currently struggling in the mid-$80,000s.
Market capitalization of gold and Bitcoin. Source: Companymarketcap.com
Simply put, Bitcoin is only a fraction of the valuation of gold. At today’s levels, gold’s $31 trillion market cap means that Bitcoin is roughly 18 times more valuable than gold. This ratio is a good reference point for Bitcoin has long-term growth potential given its reputation as the digital version of gold.
What is the price of Bitcoin based on the ATH market capitalization of gold?
If Bitcoin were to match gold’s $31 trillion market cap, the corresponding price per BTC would be significantly higher than current levels. With a circulating supply of approximately 19.96 million BTC, BTC would need to push to approximately $1.55 million per coin to reach parity with gold’s current all-time high market cap.
The amount of capital inflow required for BTC to reach this price level is massive and unprecedented. Still, many Bitcoin maximalists believe this the scenario is not unrealistic Over a long period of time.
Michael Saylor, one of Bitcoin’s most vocal proponents, has proposed that BTC will eventually surpass gold in total market value within the next 10 years. In an interview in November, Thaler said: he said he has There is “no doubt” that BTC will become a bigger asset class than gold by 2035.
It’s clear that it’s 2025 It’s going to be a great year for Bitcoin and the entire cryptocurrency market. But 2026 could be the year of recovery and normalcy. Recovery in this context This does not mean an explosive rise, but However, the bearish price action is resolved and a period of gradual restoration of confidence in BTC begins.
Featured image created by Dall.E, chart on Tradingview.com
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