BlockBeats News, October 7th, VanEck’s Director of Digital Asset Research, Matthew Sigel, stated, “We have always believed that after the next halving, Bitcoin’s market cap should reach about half of gold’s.”
Around 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 implies an equivalent value of about $644,000 per bitcoin.”
