Bitcoin Could Hit $220K in 2025 Based on Gold-Linked Forecasts, Say Analysts

Bitcoin Could Hit $220K in 2025 Based on Gold-Linked Forecasts, Say Analysts

Bitcoin may be on track for a significant surge in 2025, with analysts forecasting price targets as high as $220,000, driven by its historical correlation with gold and long-term market cycle patterns.


In a recent analysis, popular market commentator Apsk32 introduced a model dubbed the “power curve,” which measures Bitcoin’s network value in ounces of gold rather than US dollars. This model accounts for inflation and positions Bitcoin as a digital counterpart to the traditional safe-haven asset.


Bitcoin power curve data. Source: Apsk32/X


According to Apsk32, the Bitcoin “power curve” suggests the cryptocurrency could reach unprecedented highs in this cycle. With gold recently hitting an all-time high of $3,500 per ounce, Bitcoin may follow suit with a lag of several months, as it has historically mirrored gold’s upward trends.


“This is the indicator that gives me hope for higher-than-expected returns later this year,” Apsk32 said. His model shows that if Bitcoin’s market value in gold continues to follow historical trends, it could reach a top of around $444,000 under ideal conditions. However, a more "reasonable" target for 2025 would be up to $220,000, with anything above $250,000 considered “higher than expected.”


Bitcoin power curve chart. Source: Apsk32/X


The analysis further explores how Bitcoin could eventually rival gold’s total market cap. Analyst Sam Callahan also weighed in, citing data from the In Gold We Trust report. He argued that if gold reaches $5,000 per ounce by 2030 and Bitcoin captures just 50% of gold’s market capitalization, the price of BTC could hit approximately $924,000.


While these figures are not definitive predictions, they offer a scenario-based outlook grounded in comparative valuation between non-sovereign hard assets. The increasing narrative of Bitcoin as “digital gold” continues to gain traction, especially as traditional financial systems evolve and more investors seek decentralized stores of value.


Gold/Bitcoin matrix (screenshot). Source: In Gold We Trust


If current momentum holds, Bitcoin may not only match its previous cycle peaks but also redefine expectations for digital asset valuations by decade’s end.

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