Bitcoin has had an exceptional year in 2024, reaching a record-breaking price of $73,679 on March 13. Since then, it has maintained a value above the $70,000 mark, marking a remarkable increase of over 140% compared to the same period last year.
At its peak in 2024, Bitcoin briefly surpassed silver to become the eighth most valuable commodity in the world by market capitalization. If we consider the current market conditions and assume the same growth rate for another year, Bitcoin could potentially reach a price of around $170,574 by April 2025. This would not only surpass silver, but also place Bitcoin ahead of prominent companies like Amazon, Alphabet (Google), Saudi Aramco, Nvidia, and Microsoft, securing the second-place spot on CompaniesMarketcap’s list of the top 100 commodities by capitalization.
While this projection is based on the assumption of Bitcoin’s growth and a static market for other commodities, the current market capitalizations can provide insights into Bitcoin’s potential future growth.
For instance, if silver’s market cap remains at its current value of $1.412 trillion, Bitcoin could surpass it by increasing its price from $69,678 to $71,732. This would give Bitcoin a total market capitalization of approximately $1.413 trillion, securing the eighth-place position on the list.
Similarly, Google currently has a market capitalization of $1.885 trillion, just slightly ahead of Amazon. Bitcoin could surpass both companies and claim the sixth-place spot by reaching a price of approximately $95,642 and achieving a market cap of $1.885 trillion. This would position Bitcoin behind Saudi Aramco, which currently holds the fifth-place position with a market cap of $1.984 trillion.
To surpass Microsoft and secure the second-place spot on the list, Bitcoin would need to reach a total market value of around $2.65 trillion, sliding it ahead of Nvidia and Apple, who currently occupy the fourth and third positions, respectively. The target price for Bitcoin to surpass Microsoft’s market cap of $3.126 trillion and claim the second-place position is approximately $165,608 per BTC.
While this may seem ambitious considering Bitcoin’s current price, it’s important to note that Bitcoin has experienced a significant increase of approximately 144.82% in value from April 2023 to March 2024. If Bitcoin continues to grow at a similar rate in the next year, it could reach a price of around $170,574, with a market cap of approximately $3.224 trillion, surpassing Microsoft.
To claim the top spot on the market cap leaderboard and surpass gold’s current market cap of $15.141 trillion, Bitcoin would need to reach a price of approximately $800,476 per BTC. However, this projection is based on the assumption of a static market and Bitcoin’s price alone rising.
In conclusion, Bitcoin has had an impressive year, and its potential for future growth can be measured by comparing its market capitalization to other commodities. While these projections are speculative, they highlight the remarkable trajectory that Bitcoin could take in the coming years.