Analyst and Head of Digital Asset Research at VanEck, Matthew Sigel, said that by the time of the next Bitcoin halving, scheduled for 2028, its price could equal roughly half of gold’s market capitalization. Based on current gold prices, this valuation would correspond to about $644.000 per BTC.
He explained that around half of gold’s market value comes from its role as a store of value rather than from industrial or jewelry use. At the same time, surveys show that younger consumers, especially in developing countries, increasingly view Bitcoin as a more convenient and modern way to preserve capital.
Sigel made his statement after gold futures surpassed $4.000 per ounce, reaching an all-time high. He noted that this record level serves as the basis for forecasting Bitcoin’s potential price ahead of the next halving.
Context: gold VS Bitcoin
The comparison between gold and Bitcoin has remained a central topic for investors seeking protection from inflation and market risks. Despite this, in 2025 gold showed stronger performance, rising by about 50,000%, driven by geopolitical instability, a weaker US dollar, and new trade tariffs.
VanEck believes that as generational shifts continue and digital assets become more popular among users in emerging markets, Bitcoin is steadily strengthening its position as an alternative safe-haven asset.
Read also:
- Bitcoin Is Getting Closer to Gold as a Safe-Haven Asset – Fidelity
- Citi Forecasts Bitcoin at $135,000 by Year-End Despite Weak Stock Market
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