Bitwise CEO Hunter Horsley predicts Bitcoin could reach a market capitalization of $50 trillion as it positions itself as a digital alternative to the U.S. dollar. Horsley’s vision goes beyond the common analogy of digital gold, which limits Bitcoin‘s potential market capitalization to $23 trillion.
Rather, he sees the cryptocurrency in direct competition with U.S. Treasuries and the dollar itself—markets with a combined value of around $50 trillion.
The Role of Bitcoin: More Than Just Digital Gold
Since Donald Trump took office and issued the executive order to buy and hold Bitcoin as a reserve currency, and the resignation of Gary Gensler, the global development of the crypto sector has gained momentum. Bitcoin’s price movements show an increasing correlation with global M2 liquidity fluctuations, rather than following traditional crypto market cycles tied to halving events.
The path to a $50 trillion market capitalization would require significant adaptation curves in various market segments. This scenario depends heavily on global regulatory developments. Recent approvals of spot Bitcoin ETFs in the United States have provided legitimacy, but further regulatory clarity could further accelerate this trajectory.
Banking industry veteran James Morrison highlights the significance of these trends:
“What we’re seeing is the normalization of Bitcoin as a financial instrument. The correlation with liquidity metrics suggests that savvy investors are treating it less as a novelty and more as an essential portfolio asset.”
As previously reported, a panel of 25 industry experts predicts that Bitcoin could reach a price of $135,048 by the end of 2025. By 2035, BTC is expected to rise to $833,000, reaching parity with gold. At the time of writing, the Bitcoin price is trading at $94,229.70, down 0.05% over the past 24 hours.
[newsletter_form lists="1"]
