Analyst says Bitcoin will meet or beat gold's market cap originally appeared on TheStreet.
Popular crypto trader and analyst, known as @Innerdevcrypto on X, thinks Bitcoin will at least hit the same market cap as gold.
As the world's largest cryptocurrency hit a record high of $123,091.61 on July 14, nearly every market analyst has turned more bullish on the asset.
However, @Innerdevcrypto has been convinced of Bitcoin, also known as "digital gold" within the crypto community, rivaling gold in market cap since they said they "really understood" BTC when it was valued at a mere $400.
To put things in perspective, while gold has risen 35% within a year, Bitcoin has soared 85% during the same period.
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Every time they said BTC will reach $10,000, $100,000, or $1 million, people called them insane, @Innerdevcrypto says. It is possible for the asset to rise 10 times within the next 5-10 years or sooner, he adds.
Bitcoin is superior to gold in a digital and globalized world, the analyst opined but underlined risks related to security and quantum computing that will hopefully be addressed.
Some profit-making crucial
No matter how bullish everyone is, @Innerdevcrypto asked the traders to be prepared for a 30% correction on BTC and at least 50% on altcoins. Altcoins are all cryptocurrencies except BTC.
The analyst recommended altcoins such as HYPE, FARTCOIN, SUI, SOL, and KEETA, and non-fungible tokens (NFTs) like Pudgy Penguins that have performed well this cycle. For the uninitiated, an NFT is a unique digital asset that represents ownership of a specific item, like art, music, or virtual goods.
@Innerdevcrypto, however, cautioned the trading community about the uncertainty in the market and advised "some" profit-making. In fact, those who aren't wealthy should cash out enough profits. They, however, would keep holding Bitcoin.
As per Kraken's price feed, Bitcoin was trading at $118,525.39 at press time.
Analyst says Bitcoin will meet or beat gold's market cap first appeared on TheStreet on Jul 16, 2025
This story was originally reported by TheStreet on Jul 16, 2025, where it first appeared.
