Bitcoin 
$90,190 expert Tuur Demeester suggested that the cryptocurrency may advance further than expected in its competition with gold as a store of value. In a statement to his 282,000 followers on the social media platform X, he expressed that Bitcoin could eventually reach a market capitalization equivalent to gold, potentially even achieving this level by the end of the current market cycle.
Gold Parity and Bitcoin’s Target
As the editor-in-chief of Adamant Research, Demeester noted that parity with gold’s market value would create a strong attraction for investors. According to Demeester, Bitcoin’s price could target $300,000. “Gold parity will act like a magnet. During the bull market, investors will see the $800,000 – $1 million range as the main target for Bitcoin. In 2021, $100,000 acted as a magnet. Reach for the stars, land on the moon; maybe $300,000 – $400,000,” he stated.
Demeester further predicts that regardless of price fluctuations, the “Bitcoin fire” will spread among investors. He also indicated that market dynamics will increasingly impact Bitcoin.
Additional Perspectives from Peter Brandt
Renowned commodity trader Peter Brandt shared a chart indicating that the BTC and gold (BTC/XAU) graph is about to surpass the 35:1 resistance observed at the peak of the 2021 bull market. Brandt noted that long-term forecasts suggest a value of $6,500 for XAU and $850,000 for BTC.
“Bitcoin or gold? The ultimate competition for being the store of value. The BTC/XAU graph indicates a target of 130:1. Long term projections point to $6,500 XAU and $850,000 BTC,” Brandt added.
Current Market Status and Expectations
Currently, Bitcoin trades at around $79,000, with a market capitalization of $1.531 trillion. Analysts believe that Bitcoin’s market capitalization and price movements will continue to attract investor interest and that there is strong upward potential in future market cycles. Competing with gold is considered a significant driving force for Bitcoin.
Bitcoin’s competition with gold strengthens its potential acceptance as a store of value. Experts predict that Bitcoin can reach higher market values and that investor interest will increase. These developments may further solidify Bitcoin’s position in financial markets.
