$BTC It’s currently above $80,000. Here’s my conclusion: the high for this cycle will probably be around $200,000. A lot of people don’t understand this and think it could reach $300,000 or even higher. I have just one thing to say: impossible.
Why? It’s actually very simple. At just over $80,000, Bitcoin’s market cap is nearly $1.7 trillion. If it rises to $300,000, its market cap would be close to $7 trillion. Don’t bring up gold’s market cap—at least for the next two or three cycles, they’re not even in the same league.
Picking up where I left off: if that happens, Bitcoin’s market cap would already surpass Nvidia’s. We should remember that Nvidia is arguably the undisputed leader of the AI narrative (though the analogy isn’t quite right, it’ll do for now). So here’s the question: now and going forward, does AI have greater narrative potential, or does crypto have a higher narrative ceiling? I think everyone knows the answer. Even if Nvidia’s market cap keeps rising over the next two years, it’s hard to say how high it could go—let alone Bitcoin.
I’m bullish on Bitcoin. Looking further ahead, its ceiling is very high. But for this cycle, which I see running through the end of 2029, it will most likely reach $200,000, giving it a market cap of nearly $4 trillion. That’s the absolute limit!
Why? It’s actually very simple. At just over $80,000, Bitcoin’s market cap is nearly $1.7 trillion. If it rises to $300,000, its market cap would be close to $7 trillion. Don’t bring up gold’s market cap—at least for the next two or three cycles, they’re not even in the same league.
Picking up where I left off: if that happens, Bitcoin’s market cap would already surpass Nvidia’s. We should remember that Nvidia is arguably the undisputed leader of the AI narrative (though the analogy isn’t quite right, it’ll do for now). So here’s the question: now and going forward, does AI have greater narrative potential, or does crypto have a higher narrative ceiling? I think everyone knows the answer. Even if Nvidia’s market cap keeps rising over the next two years, it’s hard to say how high it could go—let alone Bitcoin.
I’m bullish on Bitcoin. Looking further ahead, its ceiling is very high. But for this cycle, which I see running through the end of 2029, it will most likely reach $200,000, giving it a market cap of nearly $4 trillion. That’s the absolute limit!