Following Gold’s Lead, Bitcoin Targets $220,000

Bitcoin could well reach $220,000 in 2025, according to predictions based on comparisons with gold. Analysts are increasingly looking at the relationship between the leading cryptocurrency and the precious metal, and the results look very optimistic for digital asset holders.

An analyst on the popular social network X, known as Apsk32, presented his ”stepped price curve” model, according to which Bitcoin’s four-year cycle should lead to a significant rise in its exchange rate this year.

Golden Parallel

The theory that Bitcoin follows gold to new all-time highs is quite popular among optimistic investors. Historically, the BTC/USD asset has repeated the movements of XAU/USD with a delay of several months.

According to Apsk32, the implications could be particularly dramatic this time around. With gold hitting a record high of $3,500 per ounce, the future looks more than bright for Bitcoin’s price performance.

”Bitcoin’s position relative to gold has improved significantly since April,” he wrote to subscribers on X, introducing his ”stepped price curve” tool. ”It is this indicator that gives me hope for higher-than-expected returns later this year.”

The ”stepped price curve” concept involves measuring the price of Bitcoin in ounces of gold to exclude the inflationary nature of the U.S. dollar.

Among the results is a potential bull market target that patterns a move off the old 2017 high of $20,000.

”If the Bitcoin network value measured in gold continues to follow the stepped price curve, gold maintains its current value, and the Bitcoin price reaches a level again that corresponds to a five-year advance of the stepped pattern support line, we could see $444,000 as early as this year,” the analyst added.

This week, Apsk32 suggested that a more ”reasonable” target for 2025 is $220,000.

”If we start getting above $250,000, I would consider that 'above expectations,'” he said when asked about the outlook. ”I do think we have a pretty good chance of reaching that level. It's just not the most likely outcome.”

Half of Gold’s Future Capitalization = Bitcoin at $1 Million

Continuing the gold theme, Bitcoin analyst Sam Callahan has examined data showing how high Bitcoin could go if it takes various shares of gold’s market capitalization.

This could happen thanks to the shift to ”digital gold,” a process that many expect to gain momentum in the coming years.

”If gold reaches $5,000 an ounce by 2030 and Bitcoin takes 50% of its market capitalization, that would put BTC at $924,000,” Callahan noted, based on data from the latest In Gold We Trust report released this week.

The report says that the data does not represent a price forecast per se, but merely gives an idea of what the value of ”hard assets” might look like by the end of the decade.

Bitcoin’s correlation with gold continues to be an important factor in analyzing the cryptocurrency’s long-term prospects. Current projections point to the potential for significant growth in the coming years, with the possibility of reaching six figures as early as 2025 and approaching $1 million by the end of 2030.