Bitcoin Can Hit $220K This Year, Says Power Curve Analyst

Bitcoin could be gearing up for the wildest leg of its bull run yet. According to X-based analyst Apsk32, a $220,000 price tag in 2025 is not just possible — it’s “reasonable.” That forecast comes straight from his gold-based “power curve” model, which removes the noise of fiat distortions by valuing Bitcoin in ounces of gold.

BTC Mirrors Gold as Price Model Signals Parabolic Rise

Apsk32 argues that Bitcoin is once again following gold’s historical price arc — just with a few months’ delay. His model tracks Bitcoin’s market cap in gold terms and shows it riding a similar wave to gold’s recent run to $3,500. “If Bitcoin’s network value measured in gold continues to follow a power curve… we could hit Josh’s $444K this year,” he wrote in March. For now, his “more reasonable” scenario calls for BTC to hit $220,000 in 2025. When asked if $250K was too much, he said, “If we start getting above $250K, that’s what I would consider ‘higher than expected.’ I do think there’s a decent chance we get there.”

Digital Gold Narrative Fuels Bigger Bets

That bullishness isn’t isolated. Bitcoin analyst Sam Callahan pointed to a longer-term shift toward digital hard assets. If gold hits $5,000 per ounce by 2030 and Bitcoin captures just half of its market cap, that would put BTC at $924,000. The prediction was part of this week’s In Gold We Trust report, which described the scenario as a framework rather than a firm price call — but one grounded in gold’s past behavior and Bitcoin’s growing role as a non-sovereign store of value.

Bitcoin currently trades around $103,667. Analysts still see long-term upside. Between ETF inflows, declining exchange balances, and growing institutional exposure, the macro setup could carry Bitcoin to eye-watering levels. If Apsk32’s model plays out, $220K may not be a moonshot — just a milestone.