Bitcoin has experienced a remarkable year so far in 2024, reaching a new record high price of $73,679 on March 13. Since then, it has maintained a price above $70,000, representing a growth of over 140% compared to the same period last year.
During its peak in 2024, Bitcoin briefly surpassed silver as the eighth most valuable commodity in the world by market capitalization.
In the current market conditions, if Bitcoin were to continue growing at the same rate for another year, it could potentially reach a price of approximately $170,574 by the beginning of April 2025. This would place it ahead of silver, Amazon, Alphabet (Google), Saudi Aramco, Nvidia, and Microsoft, securing the second-place position on CompaniesMarketcap’s list of the top 100 commodities by capitalization.
While this projection is based on the assumption of Bitcoin’s growth while the rest of the market remains static, the current market capitalizations can serve as a reference point for Bitcoin’s potential future growth.
To surpass silver, Bitcoin would need to increase its current price from $69,678 to $71,732, assuming silver’s market cap remains at its current value of $1.412 trillion. This would give Bitcoin a total market capitalization of approximately $1.413 trillion and secure its position as the eighth most valuable commodity.
In order to surpass Google, which currently has a market capitalization of $1.885 trillion, Bitcoin would need to reach a price of approximately $95,642, surpassing a market cap of $1.885 trillion. This would position Bitcoin as the sixth most valuable commodity, just behind Saudi Aramco.
To challenge Microsoft’s third-place spot, Bitcoin would need to reach a total market value of approximately $2.65 trillion. This would require a price of approximately $165,608 per BTC, surpassing Microsoft’s market cap of $3.126 trillion.
Considering Bitcoin’s previous year-over-year growth of approximately 144.82% from April 2023 to March 2024, it is not unrealistic to anticipate further growth in the next year. If Bitcoin were to increase by the same percentage, its price would reach approximately $170,574, with a market cap of approximately $3.224 trillion, surpassing Microsoft.
Once Bitcoin secures the second-place spot, assuming the market remains static and Bitcoin’s price continues to rise, it would need to reach a price of approximately $800,476 per BTC to achieve a market cap of $15.15 trillion, surpassing gold and claiming the top position on the market cap leaderboard.