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

Important points

• If Bitcoin reaches $340,000 in this bull market, it will be the first time it has surpassed its previous cycle’s gain.

• As a result, “very big ask,” BTC would be the second-most valuable asset in terms of market capitalization.

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

BitcoinBTC() would be the first cryptocurrency to make history, if it triples in price before the current bull-cycle ends.

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 In 2022 the gains will be modest by historical standards.

BTC has quite a way to travel before its price reaches the previous bull run.

BTC/USD saw maximum gains from 2019 to 2021. Pizzino points out that it is possible to achieve the same results. “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 already ranks among the five largest macroassets in the world by value as of July 20,25.

Bitcoin “remains in a league of its own”

Pizzino also found a growing positive correlation between Bitcoins and macroasset classes.

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

Bitcoin is now starting to follow the real-estate cycle.

“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 The following are some examples of how to get started: TradingView shows.

The next page bull run on gold BTC/XAU dropped by 40 percent before a rebound. One BTC is worth about 36 ounces.

Bitcoin JAN3 Financial notes the Bitcoin JAN3 adoption company’s long-term perspective. 

“Over the past 5 years, Bitcoin has easily outperformed all major asset classes with a staggering 58.2% CAGR,” It is a good idea to get a hold of someone else. confirmed The combined growth rate is referred to as Monday. 

“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. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.