How High Must Bitcoin Go to Overtake Gold?

Bitcoin’s rise has reignited comparisons with gold, the world’s traditional store of value. Bitcoin’s current market cap stands at $2.34 trillion, or 10.09% of gold’s $23.22 trillion market capitalization.

According to analysts, Bitcoin would need to reach a price of $1.16 million per coin to overtake gold, which implies a tenfold increase from today’s levels.

Performance over time:

• 5 years: BTC +892% vs. Gold +72%

• 3 years: BTC +387% vs. Gold +95%

• 2 years: BTC +304% vs. Gold +76%

• 1 year: BTC +104% vs. Gold +36%

So far in 2025, gold is slightly ahead with a 27.38% return vs. Bitcoin’s 25.9%.

On the supply side, Bitcoin’s annual issuance is just 0.83%, shrinking every four years due to halvings. Gold’s supply grows at 1.72%, and can scale further if demand rises.

In conclusion, Bitcoin reaching 10% of gold’s market cap is a milestone, but closing the remaining 90% gap would demand unprecedented adoption and capital inflows.