Bitcoin has proven its superiority over traditional stocks and is now viewed as an effective defensive tool against political volatility and market instability. Analysts expect that Bitcoin will surpass the current market value of gold, which is approximately $23 trillion, with the possibility of the price of a single coin reaching over a million dollars in the future.
Currently, eyes are focused on Bitcoin's ability to break the $100,000 barrier. It was recently traded at a price of $93,212, an increase of 2.29% over the last 24 hours.
The rise in gold enhances the chances of Bitcoin's ascent. Jeffrey Christian, CEO of CPM Group, predicts that the price of gold will reach $2,956 per ounce by 2025, which represents an upward adjustment of about $250 compared to previous forecasts made six months ago.
Gold opened 2025 at a price of $2,662, after starting 2024 at $2,000. Current data indicates that the price of gold has reached around $3,400 per ounce.
