Until now Bitcoin It had a breakout year in 2024, reaching a new all-time high of $73,679 on March 13, and at this time the price is hovering around $70,000, up more than 140% over the same year. ago
When Bitcoin peaks in 2024 (so far) and hits new all-time highs It surpasses silver as the world’s eighth most valuable commodity by market value.
In the current market situation If it can move forward another year under the same growth rate, Bitcoin will reach a price of around $170,574 by early April 2025, and this will overtake silver along with Amazon Alphabet (Google), Saudi Aramco. , Nvidia and Microsoft, and rose to number two on CompaniesMarketcap’s list of top 100 commodities.
Silver
If silver’s market cap remains at its current value of $1.412 trillion, Bitcoin could surpass it once again, increasing its current price from $69,678 (at the time of publishing this article) to $71,732. The total market is approximately $1.413 trillion. and is ranked 8th on the list alone.
Google currently has a market cap of $1.885 trillion, surpassing Amazon by just $12 billion.
Bitcoin surpasses both to take the 6th spot on the list, needing a price of around $95,642 to surpass the $1.885 trillion market cap. This would put it behind Saudi Aramco, which is currently in fifth place with a top value of $1.984 trillion.
Microsoft
The fourth and third places on the list are occupied by Nvidia and Apple, respectively. Bitcoin would need a total market cap of around $2.65 trillion to move to third place and have any chance of knocking Microsoft out of second place.
If Bitcoin wants to overtake Microsoft with a market capitalization of $3.126 trillion, and rose to second place on the list The price would need to be around $165,608 per BTC. While this price may seem high considering the current price is under $70,000, it is worth remembering that the price of Bitcoin has increased by approximately 144.82% year-to-date. From April 2023 until the end of March 2024
And if Bitcoin continues to surge 144.82% next year from its current value of $69,678, it will hit around $170,574 at this price. The market value will be approximately $3.224 trillion. And more than enough to overtake Microsoft.
gold
Assume that the total market value remains static and unchanged. And with just the price of BTC increasing, the price of BTC would need to hover around $800,476 per BTC to reach a market cap of $15.15 trillion. This would beat gold’s current market cap of $15.141 trillion. and put the world’s first cryptocurrency at the top of the market capitalization leaderboard.
refer : cointelegraph.com
picture bitcoin.com.au