Bitcoin

Bitcoin Needs to Hit $340,000 to Beat Last Cycle’s Gains

Key points:

  • Bitcoin will beat the earnings from its previous cycle for the first time if it will reach $ 340,000 this bull market.

  • While “very great demand”, such a feat would make BTC the second most precious asset in the world of market capitalization.

  • BTC is already an outperformator among macro assets in the past five years.

Bitcoin (BTC) will make history if its triple price before the end of the current bull cycle.

In a Post X on Monday, Macro Trader and investor Jason Pizzino asked if BTC / USD could beat its previous cycle earnings by almost 2 100%.

Bitcoin at $ 340,000 this cycle: a “very large demand”

Bitcoin is already up 700% against its $ 15,600 bearing market in 2022, but these gains remain relatively tamed compared to historical standards.

As a percentage, BTC Price Action has a long way to go until it corresponds to its previous bull market.

Between 2019 and 2021, BTC / USD provided maximum gains of 2,089%. To do the same, says Pizzino, it is a “very large demand” – the price should reach $ 340,000 giants.

“If Bitcoin reaches $ 340,000 this cycle, it would be the first time in his 16-year history that he has a higher return than the previous cycle. It is a very big demand, but many ask if possible,” he wrote.

“This is a market capitalization of 6.7 billions of dollars, less than a third of Gold’s market capitalization at around $ 23, and this would have put BTC in second place as the most precious asset in the world, behind gold.”

BTC / USD table with return of the bull cycle. Source: Jason Pizzino / X

As Cintelelegraph reported, Bitcoin is already in the five main macro assets by market capitalization in the world in July 2025.

Bitcoin “stays in a separate league”

In other results, Pizzino has seen an increasing positive correlation between Bitcoin and another class of macro assets.

In relation: BTC Price to fill a CME difference of $ 117,000? 5 things to know in Bitcoin this week

The 18-year-old real estate cycle, he argued, begins to adapt to the existing life of Bitcoin.

“Bitcoin and the 18-year-old cycle go hand in hand for their first full cycle together,” he said, describing the correlation of “superb love story”.

In terms of gold, BTC made peaks of all current time at the end of 2024, Cointelegraph Markets Pro and TradingView data displayed.

BTC / XAU Charter for a week. Source: Cointelegraph / TradingView

A later bull on gold sent BTC / XAU down 40% before a rebound, with 1 BTC worth around 36 ounces.

As Bitcoin Jan3 Financial, the branch of financial services of the Bitcoin adoption company Note Jan3, long -term view promotes Bitcoin yields.

“Over the past 5 years, Bitcoin has easily outperformed all large asset classes with an amazing TCAC of 58.2%,” he confirmed on Monday, referring to the combined annual growth rate.

“The closest competitor, qqq, delivered 16.28%, followed by Spy at 13.68%and gold (GLD) at 10.49%. Bitcoin remains in a separate league.”

Bitcoin vs macro asset return. Source: Jan3 Financial / X

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.