Bitcoin could soar to over $240K
Bitwise reveals that only 3-4% of #oro is enough to double the price of #BTC
According to Bitwise, a strategic move of just 3-4% of the global investment flows currently in gold towards Bitcoin could catapult the price of BTC to record levels, doubling its current value.
Based on data from Bloomberg, Glassnode, and proprietary estimates, Bitwise's report projects that with the current price of #bitcoin , a rotation of 3% would raise the price to $215,360, while 4% would drive it to $242,391.
This hypothesis uses a model that combines the market cap of gold, the circulating supply of BTC, and capital flows, suggesting that gold —with a total value in trillions— could be a massive catalyst for the Bitcoin rally.
The analysis, published by Bitwise Europe, highlights how a small reassignment of traditional assets could redefine crypto dominance, especially in the context of growing institutional interest, positioning BTC as a direct competitor to the precious metal.
What will be the next big financial shift? The market will decide.
