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Many interested or at least impartial analysts think that Bitcoin will surpass gold in market capitalization. However, the vast majority of them assume that this will be over a long period of time. For The Digital Chamber analyst Perianne Boring, this may happen as soon as 2025.
In an interview with Fox Business, the expert highlighted that the largest Cryptocurrency could approach the capitalization of the gold metal very soon. However, he emphasizes that this depends on many factors, almost all of them related to the fulfillment of Donald Trump’s campaign promises.
Among the biggest promises stands out the incorporation of BTC into the US strategic reserves. Recently, President Donald Trump himself confirmed that his government will proceed with this initiative. During an interview with CNBC, the Republican magnate stressed that it is necessary to advance quickly in the crypto sector to win the race against China.
In July, the then-presidential candidate predicted that Bitcoin will surpass gold and its $16 trillion in capitalization (now $17.9B). “If Donald Trump is successful in presenting many of the proposals he promised to the community, the sky is the limit because Bitcoin has a fixed supply,” Boring said.
Will Bitcoin leave gold behind in the coming months?
As already mentioned, the big promise for Bitcoin capitalization to skyrocket is incorporation into the US strategic reserves. Recently, Republican Senator Cynthia Lummis introduced a bill in Congress related to that goal.
The so-called Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) has the mission of bringing the pioneering crypto to the same level as gold and oil in the reserves of the first global economy. If this happens, Boring explains in the interview, the price of BTC would rise to $800,000 per coin, as suggested by the stock-to-flow (S2F) model.
If Boring’s prediction comes true, then Bitcoin’s market capitalization could rise to $15 trillion. This means that there would be very little left to become the largest asset on the planet. Currently, the cryptocurrency is in position number 7 in that ranking, above silver and the oil company Aramco among other references.
The conditions seem set for great things in 2025 in the field of cryptocurrencies. For example, movements are perceived from Russia that could lead to the incorporation of BTC into the Kremlin’s strategic reserves. On the other hand, the US Treasury Department classified Bitcoin as digital gold in a recent report.
At the same time as all this, corporate adoption is advancing rapidly, with million-dollar purchases of BTC by large Wall Street firms.
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