Bitcoin’s 2023–2024 growth rate has it on track to surpass Microsoft within a year

Bitcoin could overtake Microsoft in market cap if its current rate of year over year growth continues and Microsoft’s shares remain static.
Bitcoin could overtake Microsoft in market cap if its current rate of year over year growth continues and Microsoft’s shares remain static.

Bitcoin has had a banner year so far in 2024. It reached a new all-time high price of $73,679 on March 13, and in the time since, it’s hung around the $70,000 threshold — putting it up more than 140% over the same time last year. 

When Bitcoin (BTC) reached its 2024 peak (so far) and new all-time high, it briefly surpassed silver as the eighth most valuable commodity in the world by market capitalization.

Related: Bitcoin price nails new $73.6K all-time high as ETFs eat away at supply

In the current market situation, if one could fast-forward another year under the exact same growth rate, Bitcoin would reach a price of approximately $170,574 by the beginning of April 2025. This would put it ahead of silver today, as well as Amazon, Alphabet (Google), Saudi Aramco, Nvidia and Microsoft to take the second-place spot on CompaniesMarketcap’s list of the top 100 commodities by capitalization.

Source: CompaniesMarketCap

While this number only holds water when imagining a scenario where Bitcoin grows and the rest of the market remains static, today’s market capitalizations can be used as a measuring stick for what Bitcoin’s potential future growth could look like.

Silver

If silver’s market cap remains at its current value of $1.412 trillion, Bitcoin could surpass it again by increasing its current price point from $69,678 (as of the time of this article’s publication) to $71,732. This would give Bitcoin a total market capitalization of approximately $1.413 trillion and sole possession of the eighth-place spot on the list.

Google

The Mountain View search giant currently has a market capitalization of $1.885 trillion, just $12 billion ahead of Amazon.

Bitcoin can surpass them both and claim the sixth-place spot on the list by reaching a price of approximately $95,642 to surpass a market cap of $1.885 trillion. This would put it squarely behind Saudi Aramco, which currently sits in fifth place with a cap of $1.984 trillion.

Microsoft

Fourth and third on the list are occupied by Nvidia and Apple, respectively. Bitcoin will have to reach a total market value of about $2.65 trillion in order to slide into third place and have a shot at knocking Microsoft out of its second-place slot.

The number to beat there, if Bitcoin is to surpass Microsoft’s $3.126 trillion cap and reach number two on the list, is approximately $165,608 per BTC.

While this might seem lofty given its current price at just under $70,000, it’s worth remembering that the price of Bitcoin increased by approximately 144.82% year over year from April 2023 through the end of March 2024.

If Bitcoin increased by 144.82% in the next year, from its current value of $69,678, it would reach approximately $170,574. At this price, its market cap would be approximately $3.224 trillion, more than enough to overtake Microsoft.

Gold

Once Bitcoin secures second place — again, assuming the entire market remained static and BTC’s price alone rose —its price would need to be approximately $800,476 per BTC to achieve a market cap of $15.15 trillion. This would beat gold’s current cap of $15.141 trillion and give the world’s first cryptocurrency the top slot on the market cap leaderboard.