Bitcoin has experienced a remarkable year in 2024, reaching an all-time high price of $73,679 on March 13. Since then, it has maintained a price around the $70,000 mark, representing a growth of over 140% compared to the same period last year.
During its peak in 2024, Bitcoin briefly surpassed silver to become the eighth most valuable commodity in the world by market capitalization. If we project the same growth rate into the future, Bitcoin could potentially reach a price of approximately $170,574 by the beginning of April 2025. This would not only surpass silver, but also put Bitcoin ahead of major companies like Amazon, Google (Alphabet), 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 purely hypothetical and assumes Bitcoin’s growth while the rest of the market remains stagnant, current market capitalizations can serve as a benchmark for 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 to $71,732, resulting in a total market capitalization of approximately $1.413 trillion and the eighth-place position on the list.
Similarly, if Bitcoin reaches a price of approximately $95,642, it could surpass Google’s market cap of $1.885 trillion and claim the sixth-place spot. To compete with Microsoft in the second-place position, Bitcoin would need to reach a total market value of about $2.65 trillion. And if Bitcoin aims to secure the top spot currently held by gold, its price would need to be approximately $800,476 per BTC, resulting in a market cap of $15.15 trillion.
Although these price targets may seem ambitious given Bitcoin’s current price, it’s important to note that the cryptocurrency has already experienced a significant increase of approximately 144.82% from April 2023 to the end of March 2024. If Bitcoin continues to grow at a similar rate, reaching a price of $170,574 within the next year is not out of the realm of possibility. With such growth, Bitcoin could potentially surpass even the most valuable commodities and claim the top slot on the market cap leaderboard.