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Bitcoin surpasses giants: it is now the sixth most valuable asset in the world
Despite trading below its fair value according to Capriole, Bitcoin has reached a remarkable milestone: it has surpassed silver and Amazon in market capitalization, positioning itself as the sixth most valuable asset in the world. This speaks to the attraction it continues to have among investors, even amidst temporary bearish conditions.
The narrative of Bitcoin as "digital gold" and a store of value continues to solidify, and with the backing of energy and technical metrics, its bullish potential becomes increasingly hard to ignore.
What’s next for the price of Bitcoin? Projections and possible scenarios
If market bulls manage to maintain the current support in the $93,000–$94,000 zone, the next key resistance is located around $103,000. Surpassing this level with volume would open the door to a rise towards $120,000–$130,000, aligning with Charles Edwards' prediction.
Moreover, if Bitcoin manages to establish itself above the $103,000 zone, it would be entering a territory that previously preceded an 18% drop. This time, however, the landscape is different, with more favorable regulatory conditions and solid technical fundamentals.
A sustained advance above this resistance would be a strong signal that the market is beginning to recognize the true value of Bitcoin.
ARK Invest and the long-term vision: Bitcoin at $2.4 million
Meanwhile, the renowned firm ARK Invest has updated its bullish projection for Bitcoin. In its latest report, it states that BTC could reach a price of $2.4 million by the end of 2030. Even its base scenario suggests an estimate of $1.2 million per unit.
These figures are backed by an increase in institutional adoption and a gradual integration of Bitcoin into traditional investment portfolios around the world.
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