At a time when gold continues to record record levels, optimistic expectations about Bitcoin's future are increasing, with estimates of reaching $220,000 during 2025, and perhaps up to $1,000,000 by 2030, if it continues to mimic gold's movements and gain its status as 'digital gold.'
According to a technical analysis published by the Apsk32 account, which specializes in cryptocurrency analysis on the 'X' platform, Bitcoin is following what is known as the 'strength curve' — a model based on measuring the market value of Bitcoin in ounces of gold rather than in US dollars, to avoid the effects of inflation.
According to the analysis, the significant improvement in Bitcoin's position compared to gold since last April enhances the chances of achieving 'exceeding expectations' gains in the second half of the year. If gold maintains its current value of $3,500 per ounce and Bitcoin continues to follow the strength curve, it could reach unprecedented levels exceeding $250,000.
Nevertheless, Apsk32 points out that the 'most realistic' target at the moment is $220,000 by 2025, but did not rule out a higher rise scenario if supportive conditions are available.
In a related context, analyst Sam Callahan predicted that Bitcoin could reach $924,000 if it succeeds in capturing 50% of the expected market value of gold by 2030, which is estimated to reach $5,000 per ounce.
This scenario is based on a report released this week by the In Gold We Trust Foundation, which indicated that these figures are not definitive price forecasts, but rather 'scenario models based on the re-evaluation of non-sovereign assets like Bitcoin.'