Bitcoin has experienced a significant 30% surge over the past week, propelling its market capitalization to $1.75 trillion and allowing it to surpass silver to become the world’s eighth-largest asset.
This increase has added over $400 billion to Bitcoin’s valuation, driven by strong inflows into spot Bitcoin ETFs following Donald Trump’s election victory and a recent Federal Reserve rate cut. If Bitcoin’s rally continues, analysts predict it could soon overtake Saudi Aramco, the largest oil company globally, with only a 3% price increase needed to accomplish this milestone.
This price momentum has sparked further bullish predictions among analysts. Peter Brandt has forecasted that Bitcoin could reach $200,000 by 2025, potentially surpassing major corporations like Amazon and Alphabet. Market sentiment has been highly positive, with H.C. Wainwright analyst Mike Colonnese suggesting that Bitcoin could achieve six-figure territory by the end of this year, buoyed by supportive policy expectations from the incoming Trump administration.
The ongoing rally has also increased discussions about Bitcoin as a possible reserve asset for the U.S. government. In a recent CNBC interview, Bitwise CIO Matt Hougan commented on the favorable regulatory environment, noting it could serve as a “tailwind” for Bitcoin’s price growth. However, critics like economist Peter Schiff caution that adopting Bitcoin as a reserve asset could destabilize the U.S. dollar, creating risks for the broader economy.
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