How Much Must Bitcoin Rise to Surpass Gold?

The market capitalization of Bitcoin has risen to $2.34 trillion, equivalent to about 10.09% of the $23.22 trillion market capitalization of gold. Analysts note that for Bitcoin to surpass gold, its price will need to rise to $1.16 million per coin - an increase of about ten times from the current level. Although that milestone is still far away, Bitcoin's relative performance has consistently outperformed gold in recent years: 5 years: BTC +892% compared to Gold +72% 3 years: BTC +387% compared to Gold +95% 2 years: BTC +304% compared to Gold +76% 1 year: BTC +104% compared to Gold +36% However, as of the current time in 2025, gold still has a slight advantage, achieving a growth of 27.38% so far this year, compared to a growth of 25.9% for Bitcoin. Supply Dynamics One of the structural advantages of Bitcoin lies in its limited supply. The current annual issuance rate is 0.83%, and the programmed halvings every four years will further reduce this number over time. The growth rate of gold supply is 1.72% per year, driven by mining and recycling activities, and can expand if demand accelerates. Prospect With Bitcoin continuing to erode gold's dominance as a hedge asset, the debate now centers on whether its digital scarcity and stronger long-term returns could one day push it beyond gold's benchmark of $23 trillion. Currently, Bitcoin has gained a significant foothold - accounting for 10% of gold's value - but to surpass the next 90% will require unprecedented acceptance and capital inflow.