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Bitcoin's Market Value Surpasses Silver and Aims for Gold

Apr 1, 2024

Bitcoin's exceptional performance in 2024 has allowed it to surpass silver in market value by reaching an all-time high of $73,679 on March 13. With a current market capitalization, Bitcoin has now become the eighth most valuable commodity globally. If this growth trend continues, experts predict that Bitcoin could reach $170,574 by early April 2025, making it the second-largest commodity by market capitalization, ahead of silver, Amazon, Alphabet, Saudi Aramco, Nvidia, and Microsoft. To achieve this milestone, Bitcoin would need to increase its value from $69,678 to $71,732, ultimately securing its position on the list. While this goal may seem ambitious, historical data shows that Bitcoin has experienced an annual growth rate of 144.82% from April 2023 to March 2024. Therefore, despite the price target of $165,608 to surpass Microsoft, Bitcoin's potential for further growth remains promising.

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