Express
VanEck Executive: Bitcoin Market Cap Could Reach Half of Gold's After Next Halving, Potential Price Around $644,000
Summary: According to reports, VanEck's Director of Digital Asset Research, Matthew Sigel, stated that they have always believed that after the next halving, Bitcoin's market cap should reach about half of gold's. Approximately half of gold's value comes from its function as a store of value, rather than industrial or jewelry demand. Surveys show that young ...
According to reports, VanEck's Director of Digital Asset Research, Matthew Sigel, stated that they have always believed that after the next halving, Bitcoin's market cap should reach about half of gold's. Approximately 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 around $644,000.
Tags:
Link: VanEck Executive: Bitcoin Market Cap Could Reach Half of Gold's After Next Halving, Potential Price Around $644,000 [Copy]
