Analyst Reveals Bitcoin Price Targets, Compares BTC Market Cap to Gold – The Daily Hodl

The former leader of the analyst team at crypto analytics firm Glassnode predicts that Bitcoin (BTC) will reach six figures during this cycle.

During a recent interview on the Blue Collar Bitcoin YouTube channel, James Check stated that Bitcoin could see an increase of over 120% from its current value.

He also anticipates that Bitcoin’s market cap will eventually match that of gold in future cycles.

According to him, if Bitcoin is seen as a competitor to gold, the price target would be at least $1.2 million Australian dollars ($803,034 USD) based on the weight equivalence of 10.8 kilograms of gold per Bitcoin. He believes that reaching the six-figure mark for Bitcoin is highly likely, with a potential to even go beyond $250,000. He is optimistic about Bitcoin’s growth potential and does not expect it to cap out before reaching $100,000.

As of now, Bitcoin is trading at $68,076, showing a slight increase in the last 24 hours.

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