The price of the bitcoin is targeted if the maximum of its market matches the gold

Bitcoin’s price may be about to collapse to the highest level ever, and analysts expect Fundstrat, Ark Invest, Standard Charged and Blackrock to continue to rise in the coming years.

One major topic among most analysts is that bitcoin (BTCIt is the digital version of gold, and it is a higher safe haven. Like gold, Bitcoin is a rare resource with high demand, which explains the reason for analysts as a valuable store.

Bitcoin was one of the best assets ever, as it moved from less than one dollar in 2009 to $ 104,000 today. The market ceiling jumped to more than $ 2 trillion, a trend that may continue if the analysts’ estimates are accurate.

The continued rise in bitcoin prices may explode after gold in terms of the maximum market over time. Data He appears This gold is the most valuable resource in the world, as the market height is 22 trillion dollars, while Bitcoin is the fifth most valuable.

This performance is noticeable, given that gold was used for thousands of years, while bitcoin is only 16 years old. As such, all factors are fixed, there are the risk that bitcoin will turn gold over time with the high institutional and sovereign demand.

The first stage of the increase in bitcoin prices was mostly driven by retailers, as companies remained skeptical. I have now moved to the institutional adoption stage, as companies like Tesla, Coinbase, Strategy and Block Buy.

You can see the next stage countries begin to buy bitcoin. El Salvador was the first country to do soCurrently carry 6174 coins worth $ 640 million. Donald Trump has strengthened the strategic idea of ​​Bitcoin, while some American states are considering it. According to what was reported, more countries such as the Czech Republic and Poland are to add BTC to their reserves.

Bitcoin price if the maximum market match the price of gold

Bitcoin price is $ 2 trillion, which means that it will need a 1000 % increase to match the $ 22 trillion gold evaluation.

Based on the current blood circulation, a 1000 % jump will see the Bitcoin price to 1,040,000 dollars to match the gold assessment. This goal is in line with the predictions of many industry experts.

ARK Infest predicts that the price of Bitcoin will reach $ 2.4 million by 2030, which leads to a fully reduced market of $ 50 trillion. Blackrock’s goal, which reached $ 700,000, will estimate $ 14.7 trillion, while Michael Sailor’s goal of $ 5 million will lead to an evaluation of $ 105 trillion.

BTC price short -term prediction

There are possibilities that Bitcoin will have a strong upward outbreak, because it slowly constitutes a cup style and handle, which is a common continuity style. The upper side of this style is $ 108,000, while its depth is 32 %. The measurement of the same distance from the upper side of the cup gives a target of $ 142,670.