On October 7, VanEck's Head of Digital Asset Research, Matthew Sigel, stated, "We have always believed that Bitcoin's market capitalization should reach about half of gold's after the next Halving. About half of gold's value comes from its function as a store of value, rather than industrial or jewelry demand. Surveys show that young consumers in emerging markets are increasingly inclined to use Bitcoin for this purpose. Based on today's all-time high gold price, this means that the equivalent value of each Bitcoin is approximately $644,000."
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VanEck executive: After the next Bitcoin Halving, the market capitalization may reach half of gold, with a potential price of around $644,000.
On October 7, VanEck's Head of Digital Asset Research, Matthew Sigel, stated, "We have always believed that Bitcoin's market capitalization should reach about half of gold's after the next Halving. About half of gold's value comes from its function as a store of value, rather than industrial or jewelry demand. Surveys show that young consumers in emerging markets are increasingly inclined to use Bitcoin for this purpose. Based on today's all-time high gold price, this means that the equivalent value of each Bitcoin is approximately $644,000."