Bitcoin News Today: Bitcoin Surpasses Google but Remains 10x Below Gold in Market Cap

Bitcoin’s recent price movements have reignited the debate over its potential to surpass gold in total market value. As of early August 2025, the cryptocurrency reached a record high of $124,457 on August 7 [4], briefly surpassing the market capitalization of Alphabet (GOOGL). However, by August 15, it had dipped below $119,000 [9], trading at $121,730.01 with a total market cap of $2.34 trillion [8], still significantly behind the $23.22 trillion valuation of gold [1].

To match gold’s total market capitalization, Bitcoin would need to reach a price of $1,166,511 per coin [1]. This would represent a tenfold increase from its current price and require a seismic shift in both retail and institutional adoption. While Bitcoin has outperformed gold in returns over the past five, three, and even one year—posting 892%, 387%, and 104% gains respectively compared to gold’s 72%, 95%, and 36%—it still lags behind in total value [1].

Institutional interest in Bitcoin has been a key driver in recent months. Brevan Howard, for example, has emerged as a top holder in the IBIT Bitcoin ETF, signaling growing acceptance of the asset among traditional investors [3]. However, signs suggest that this inflow may be slowing, with analysts closely monitoring whether sustained demand can be maintained [8].

Price forecasts for 2025 present a mixed outlook. One analysis predicts a trading range of $77,000 to $155,000 [7], while others warn of a potential drop to $100,000 if institutional buying falters [8]. These projections reflect the volatility and uncertainty that remain central to Bitcoin’s market narrative.

The broader crypto market has also seen fluctuations, with altcoins like Ethereum and XLM showing varying levels of performance [6]. Despite these movements, Bitcoin remains the focal point of attention, particularly as it continues to test new price levels.

While Bitcoin’s recent surge has brought it closer to gold in terms of market capitalization as a percentage, it currently stands at just 10.09% of gold’s total value [1]. Even with its strong annual returns—25.9% in 2025 compared to gold’s 27.38%—Bitcoin still has a long way to go before it can rival gold as a store of value. The question of whether it ever will is more speculative than immediate, requiring a sustained shift in perception and adoption across global markets [1].

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[1] After Recent Surge, How Close Is Bitcoin to Surpassing Gold? Here’s the Level BTC Needs to Reach to Surpass Gold (https://en.bitcoinsistemi.com/after-recent-surge-how-close-is-bitcoin-to-surpassing-gold-heres-the-level-btc-needs-to-reach-to-surpass-gold)

[3] Brevan Howard Leads IBIT Bitcoin ETF Holdings (https://www.mitrade.com/insights/news/live-news/article-3-1045256-20250816)

[4] “Bitcoin All-Time High and it's Only Wednesday.” Says ... (http://www.msn.com/en-us/money/markets/bitcoin-all-time-high-and-it-s-only-wednesday-says-investor-as-btc-surpasses-google-market-cap/ar-AA1Kwvrj?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[5] FED Moves Trigger Crypto Volatility: BTC, ETH, SOL Drop ... (https://coincentral.com/fed-moves-trigger-crypto-volatility-btc-eth-sol-drop-as-rblk-holds-strong/)

[7] Bitcoin Price Prediction 2025 2026 2027 - 2030 (https://investinghaven.com/bitcoin-btc-price-predictions/)

[8] Could BTC Drop To $100K As Institutional Buying Dries Up? (https://coincentral.com/bitcoin-price-prediction-could-btc-drop-to-100k-as-institutional-buying-dries-up/)

[9] Whale Accumulation Boosts Oversold Spark Crypto (https://m.economictimes.com/crypto-news-today-live-15-aug-2025/liveblog/123311478.cms)