VanEck executive: After the next Bitcoin halving, its market value may reach half of gold's, with a potential price of about $644,000

ChainCatcher message, VanEck's Head of Digital Asset Research Matthew Sigel stated that we have always believed that Bitcoin's market cap 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 record-high gold price, this means the equivalent value of each Bitcoin is approximately $644,000.