The price of bitcoin (BTC) exceeds $88,000, marking a new all-time high. Furthermore, with this rise, the market capitalization of BTC rises above $1.74 trillion and thus exceeds that of silver.
At the time of this publication bitcoin is the eighth most valuable asset in the worldas seen in the following image taken from the CompaniesMarketCap web portal.
Saudi Aramco, Amazon and Google are the next “rivals” to beat for bitcoin.
If it continues to climb positions, it will then face Apple, Microsoft and Nvidia and then compete against gold.
To surpass the precious metal, bitcoin would have to have a price of more than $900,000 (at the current price of gold), as NoticiasVE calculated days ago.
The fact that BTC has surpassed in capitalization an asset as valuable and ancient as silver invites us to reflect on the role this currency plays in the global financial system.
Bitcoin, an asset with barely 15 years of existencehas gone from being an experimental alternative to consolidating itself as an important store of value for many investors. This development not only challenges precious metals, but also redefines expectations about the future of money and safe-haven assets in times of economic uncertainty.
While Silver has been used for centuries in coins, jewelry and industrythe value of BTC is supported by technology and programmed scarcity. It represents a new vision of what it means to store value: a vision that prioritizes decentralization, transparency and individual control over wealth.
How high can bitcoin go?
If bitcoin continued its upward path, it could see 6-figure prices in the short term. Analysts from the Bernstein company, who projected that it would reach $90,000 after Donald Trump’s victory in the United States presidential elections. They maintain that it will reach $200,000 next year.
Trader Iván Paz Chain, a little more moderate, explains that BTC would reach $140,000 in this bullish cycle, according to his projections. It also indicates that it is necessary to pay attention to on-chain metrics to reevaluate price models as time passes.
How far can bitcoin fall?
It is important to clarify that, just as bitcoin still has fuel to continue rising, a bearish correction can be expected. This would not necessarily be a negative thing, but rather something necessary for organic and sustainable growth to occur over time.
NoticiasVE has reported that, if BTC were to drop in price, it would find strong resistance in the area of approximately $74,000. This was its previous all-time high price, reached in March 2024.