Most loyal or at least impartial analysts think that Bitcoin will overtake gold in market capitalization. However, the vast majority of them assume that this will be over a longer period of time. For The Digital Chamber analyst Perianne Boring, this could happen as early as 2025.
In an interview with Fox Business, the expert stressed that the largest cryptocurrency could approach the market capitalization of gold very soon. However, she stresses that this depends on many factors, almost all of them related to the fulfillment of Donald Trump's campaign promises.
Among the biggest promises is the addition of BTC to the US strategic reserves. Recently, President Donald Trump himself confirmed that his government will proceed with this initiative. During an interview with CNBC, the Republican tycoon stressed that it is necessary to move quickly in the crypto sector to beat China.
In July, the then-presidential candidate predicted that Bitcoin will surpass gold and its $16 trillion market cap (now $17.9B). “ If Donald Trump is successful in putting forward many of the proposals he promised to the community, the sky is the limit because Bitcoin has a fixed supply ,” Boring said.
Will Bitcoin leave gold behind in the coming months?
As mentioned, the big promise for Bitcoin's capitalization to skyrocket is its incorporation into the US strategic reserves. Recently, Republican Senator Cynthia Lummis introduced a bill in Congress related to that goal.
The so-called Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) is tasked with bringing the pioneering cryptocurrency to the same level as gold and oil in the reserves of the world's leading economy. If this happens, Boring explains in the interview, the price of BTC would rise to $800,000 per coin, as suggested by the stock-to-flow (S2F) model.
If Boring's prediction comes true, then Bitcoin's market cap could rise to $15 trillion. This means that it would be very close to becoming the largest asset on the planet. Currently, the cryptocurrency is ranked number 7 in that ranking, above silver and the oil company Aramco among other benchmarks.
The conditions seem ripe for great things in 2025 in the cryptocurrency space. For example, there are moves in Russia that could lead to the incorporation of BTC into the Kremlin's strategic reserves. On the other hand, the US Treasury Department has described Bitcoin as digital gold in a recent report.
Alongside all this, corporate adoption is advancing rapidly, with multimillion-dollar BTC purchases by large Wall Street firms.