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Strategy's 847,666 Bitcoin Could Be Worth $161B on a BTC/Gold Reversal

Adam Livingston, a Bitcoin advocate and Strive executive, outlined a path for Strategy's 847,666 Bitcoin to be worth $161 billion, above its current value. He said Bitcoin priced in gold peaked near December 2024 and has since fallen.

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What happened

Adam Livingston, a Bitcoin advocate and Strive executive, outlined a path for Strategy's 847,666 Bitcoin to be worth $161 billion, above its current value. He said Bitcoin priced in gold peaked near December 2024 and has since fallen.

Confirmed

Global impact / market context

If Bitcoin regains value against gold, Strategy's large Bitcoin holding could be worth much more on paper, which means the company's reported asset value and investor perception of its balance sheet could improve without it buying or selling any Bitcoin.

Analyst inference

Bitcoin priced in gold has fallen from its peak, meaning gold has recently been stronger than Bitcoin. A reversal would mean Bitcoin regains value against gold, a shift that draws attention because it compares two scarce stores of value.

Analyst inference

What to watch

  1. Track Bitcoin priced in gold, which Livingston says peaked around December 2024 and has since fallen, because this ratio underpins the valuation path he outlined for Strategy's holdings. Confirmed
  2. Livingston's outlined path is a proposal, not a confirmed outcome, so observe whether Bitcoin actually reverses higher against gold before treating the $161 billion figure as realistic. Proposed
  3. Watch Strategy's reported value of its 847,666 Bitcoin if the Bitcoin-to-gold ratio rises, because a higher ratio could lift that reported value and potentially affect how investors view the company. Analyst inference

Affected assets

  • GOLD — GOLD
  • BTC — Bitcoin

Evidence