Bitcoin has once again become more valuable than Alphabet after hitting a new record at $124,128.
New Bitcoin Record
Bitcoin reached a new record of $124,128, allowing it to surpass Alphabet, the parent company of Google, once again. This is not the first instance of such results; a similar situation occurred in July.
Bitcoin Price Predictions
According to projections from Polymarket, Bitcoin has a 46% chance of surpassing the $130,000 mark by August. Analyst Miles Deutscher suggests a forthcoming parabolic phase for Bitcoin, with a 15% chance of the cryptocurrency rising to $200,000 this year.
Outperforming Gold
Year-to-date, Bitcoin has once again outperformed gold. The XAUT/BTC pair on the Bitfinex exchange has decreased by 3% since the beginning of the year, further confirming Bitcoin's rise. Galaxy Digital CEO Mike Novogratz predicts that Bitcoin may end up surpassing gold, which currently has a market cap of approximately $22.893 trillion.
With Bitcoin's rise and current standings, the cryptocurrency continues to attract attention from investors and analysts, emphasizing its significance in the financial world.
