Investors worldwide are captivated by the potential of Gold, Silver, and Bitcoin as high-growth assets. As 2025 draws near, one pertinent question arises: Which of them will be the first to hit the desired $100,000 milestone?
Gold has shown to be remarkably resilient and is frequently viewed as a good investment choice during economic crises. It is trading close to its all-time high, having risen by 24% in only the last year. The enduring allure of this precious metal is its capacity to protect wealth in unpredictable times.
In October 2023, Silver, wearing two hats as an industrial commodity and a precious metal peaked. Its dual character, which balances practical applications across various industries and intrinsic value, makes it an intriguing investment.
The digital outlier, Bitcoin, has surged in value over the past year, rising by 127%. In March 2024, it reached an astonishing $73,628 and broke all previous records. This erratic cryptocurrency is breaking records and upending preconceived notions about investing.
Every asset in this race faces its challenges and possibilities. Let’s explore the factors influencing their potential growth and also determine which one is likely to surpass this challenging barrier first.
Gold
Gold is considered a secure investment during uncertain economic downturns. It’s intrinsic value and historical stability are what make it appealing because they provide a defense against inflation and currency depreciation. In the last 1 year, Gold’s price has increased by 24%.
Its been trading the 200-day simple moving average. It has had 15 green days in the last 30 days (50%) and it’s still trading near the all-time high. Key factors that could influence Gold’s outcome include geopolitical tensions in the Middle East and Europe, the prospect of Federal Reserve rate and central bank purchases.
Gold Price Forecast 2024 – 2025
- 2024
Currently, the price of Gold is predicted to rise by 228.06% and reach $7,891.34/Oz by August 22, 2024. The current sentiment is Bullish while the Fear & greed Index is showing 69 (Greed). It also recorded 1.84% price volatility over the last 30 days.
- 2025
Coincodex predicts that by 2025, is currently between $2,405.42/Oz on the lower end and $11,367/Oz on the high end. This suggests a potential gain of 372.55% from today’s prices if Gold reaches its upper target.
Silver
Silver serves as a precious metal and industrial commodity which is why it is called the “poor man’s gold”. Its wide use in electronics, renewable energy, and other industrial feed makes it a unique investment.
In October 2023, Silver reached its highest price when it was trading at its all-time high of $ 0.0₁₂4406. Silver also reached an all-time low of $ 0.0₁₃2200 on February 16, 2024. Silver has had 24 green days in the last 30 days (80%) while trading near a cycle high.
Key factors that could influence the outcome of Silver include anticipated reductions in interest rates, Silver’s extensive use, and geopolitical and economic factors.
Silver Prediction
At this moment, Silver’s projected price ranges from $ 0.0₁₃6244 on the lower end to $ 0.0₁₂2950 on the upper end. This suggests a potential gain of 372.51% by 2025 if silver meets the higher price target.
Bitcoin
Also referred to as “The Digital Gold”. Bitcoin reached its all-time of $73,628 on March 14, 2024, and on July 17, 2010, it hit an all-time low of $0.05. BTC’s price has increased by 127% in the last year, outperforming 63% of the top 100 crypto assets in 1 year and it has seen 16 green days in the last 30 days (53%). It has high liquidity based on its market cap. It has also been trading above the 200-day simple moving average. Key factors that could influence the outcome of Bitcoin include halving events, the approval of Bitcoin ETFs, and ongoing regulatory developments.
Bitcoin Prediction
Right now, the range of predicted Bitcoin prices for 2025 is $66,470 on the low end and $174,001 on the high end. This suggests that if Bitcoin hits the highest price objective, its value might increase by 163.68% from its current price by 2025.
Conclusion
After analysing the variables affecting gold, silver, and Bitcoin, it is clear that Bitcoin is most likely to reach $100,000 first, potentially even before 2025. Its current price point, historical volatility, and popularity offer it a major advantage.
Silver and Gold might be essential parts of a diverse portfolio, but they are unlikely to hit $100,000 per ounce. Often seen as advantages, their stability and physical nature ironically make such rapid growth unlikely.
However, be reminded that investing in any of these assets carries risks, and previous performance doesn’t guarantee future results. The trajectory of Bitcoin towards $100,000 is uncertain and may exhibit notable fluctuations.
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