Can Bitcoin Catch Gold? $1.2M Target Explained

💥 $BTC trades at $115,316, up 40% against gold since April. This sparked renewed talk of BTC challenging gold’s $22.58T market cap.

🔢 With ~19.89M BTC in circulation, hitting gold’s cap would mean a price of ~$1.2M per coin—10x from today’s level.

📊 Analyst Plan B believes it’s possible, citing BTC’s stock-to-flow ratio of 120, double gold’s, despite gold being 10x more valuable.

🏦 Even some gold miners like Bluebird are eyeing BTC, and gold critic Peter Schiff recently admitted BTC has outperformed.

📉 In the short term, BTC just broke below its 3-week range and 50-day SMA. AO turned bearish, hinting at potential near-term pullback.

🕰️ Long-term? BTC’s store-of-value case is growing. But $1.2M remains a distant goal—one that could take years to play out.