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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.
According to BlockBeats news on October 7, Matthew Sigel, the head of digital asset research at VanEck, stated, "We have always believed that after the next Halving, the market capitalization of Bitcoin should reach about half that of gold. 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. At today's record high gold price, this means that each Bitcoin's equivalent value is approximately $644,000."