Could Bitcoin Reach $340,000 This Cycle? Analyzing Its Potential Against Historical Gains

What is Bitcoin’s Target Price for This Cycle?

Bitcoin’s target price of $340,000 this cycle is ambitious. Achieving this would mark the first time Bitcoin surpasses its previous cycle gains, which were nearly 2,100%.

How Does Bitcoin Compare to Other Macro Assets?

Bitcoin’s performance has been exceptional, with a compounded annual growth rate (CAGR) of 58.2% over the past five years, far exceeding traditional assets like gold and stocks.

Frequently Asked Questions

What is Bitcoin’s historical performance?

Bitcoin has shown remarkable resilience and growth, outperforming many traditional assets over the past five years.

How does Bitcoin’s growth compare to gold?

Bitcoin has outperformed gold significantly, with a CAGR of 58.2% compared to gold’s 10.49% over the same period.

Key Takeaways

• Bitcoin’s Target: Aiming for $340,000 is ambitious but not impossible.
• Market Position: Bitcoin remains a top macro asset, outperforming traditional investments.
• Long-term Growth: Historical data supports Bitcoin’s potential for significant returns.

Conclusion

Bitcoin’s journey to $340,000 is a bold challenge, yet its historical performance showcases its potential as a leading macro asset. As the market evolves, Bitcoin continues to demonstrate its resilience and growth potential.

• Bitcoin’s potential to reach $340,000 this cycle poses a significant challenge, yet its performance over the past five years has been remarkable.

• Bitcoin will exceed its previous cycle gains if it hits $340,000 this bull market.

• Achieving this milestone would make BTC the second most valuable asset globally.

Bitcoin’s journey to $340,000 poses a bold challenge, yet its historical performance has been exceptional, making it a key player in the macro asset market.

Bitcoin to $340,000 this cycle: A “very big ask”

Bitcoin is already up 700% versus its $15,600 bear market low in 2022, but those gains remain comparatively tame by historical standards.

In percentage terms, BTC price action has a long way to go until it matches even its previous bull market.

Between 2019 and 2021, BTC/USD delivered maximum gains of 2,089%. To do the same, Pizzino says, is a “very big ask” — price would need to hit a giant $340,000.

“If Bitcoin hits $340,000 this cycle, it would be the first time in its 16-year history that it has a greater return than the previous cycle. It is a very big ask, but many are asking if it’s possible,” he wrote.

As Cointelegraph reported, Bitcoin is already in the top five macro assets by market cap worldwide as of July 2025.

Bitcoin “remains in a league of its own”

In further findings, Pizzino saw an increasing positive correlation between Bitcoin and another macro asset class.

The 18-year real estate cycle, he argued, is starting to fit Bitcoin’s existing lifespan.

“Bitcoin and the 18-Year Cycle are going hand-in-hand for their first complete cycle together,” he summarized, calling the correlation a “superb love story.”

In gold terms, BTC put in current all-time highs in late 2024, data from Cointelegraph Markets Pro and TradingView shows.

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

As Bitcoin JAN3 Financial, the financial services arm of Bitcoin adoption firm JAN3 notes, the long-term view favors Bitcoin’s returns.

“Over the past 5 years, Bitcoin has easily outperformed all major asset classes with a staggering 58.2% CAGR,” it confirmed 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 league of its own.”