Bitcoin needs to hit $340,000 in order to beat the gains of last cycle

The following are key points.

• Bitcoin’s previous bull market gains will be surpassed for the very first time, if Bitcoin makes it up to $340,000.

• When a “very big ask,” BTC will be the second most valuable asset on earth based on market cap.

• BTC has already outperformed macro-assets over the last five years.

BitcoinBTCIf its price triples by the end of this bull cycle, it will be a historical event.

Then, you can get in touch with us. X post Jason Pizzino asked on Monday if BTC/USD can beat the previous gains of 2,100%.

Bitcoins to $340,000 in this cycle “very big ask”

Bitcoins are already 700% higher than their previous levels $15,600 bear market low These gains are modest in comparison to historical norms.

BTC’s price has some way to go before it reaches its prior bull market.

BTC/USD saw maximum gains from 2019 to 2021. Pizzino believes that to do the same is an attainable goal. “very big ask” — price would need to hit a giant $340,000.

“If Bitcoin hits $340,000 this cycle, it would be the first time in its 16-year history that it has a greater return than the previous cycle. It is a very big ask, but many are asking if it’s possible,” He wrote. 

“That is a $6.7 trillion market cap, less than a third of gold’s market cap at roughly $23T, and it’d put BTC in second place as the most valuable asset in the world, behind gold.”

You can also read about the advantages of using Cointelegraph reportedBitcoin has already risen to the fifth position in terms of market capitalization worldwide by July 2025.

Bitcoin “remains in a league of its own”

Pizzino also found a growing positive correlation between Bitcoins and macroassets.

Related: BTC price to fill $117K CME gap? 5 things to know in Bitcoin this week

He argued that the 18-year cycle of real estate is beginning to match Bitcoin’s current lifespan.

“Bitcoin and the 18-Year Cycle are going hand-in-hand for their first complete cycle together,” He summarizedCalling the correlation “a” “superb love story.”

According to data from, BTC is expected to reach current gold prices in 2024. Cointelegraph Markets Pro You can also find out more about the following: TradingView shows.

The next page bull run on gold BTC/XAU dropped by 40 percent before a rally, and 1 BTC was now worth 36 ounces.

Bitcoin JAN3 Financial, a financial services division of Bitcoin adoption firm JAN3, notes that the long-term outlook favors Bitcoin. 

“Over the past 5 years, Bitcoin has easily outperformed all major asset classes with a staggering 58.2% CAGR,” You can also find out more about us here. confirmed Refers to Monday’s combined annual growth. 

“The closest competitor, QQQ, delivered 16.28%, followed by SPY at 13.68% and gold (GLD) at 10.49%. Bitcoin remains in a league of its own.”

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.