TL;DR
- VanEck’s Matthew Sigel predicts Bitcoin could reach half of gold’s market capitalization following the next halving in 2028.
- He points to younger generations and emerging markets favoring BTC over gold as a store of value.
- Bitcoin recently surpassed $126,000, while gold also set a record above $3,975 per ounce, highlighting rising investor interest in alternative stores of value amid monetary easing and persistent inflation.
VanEck’s Head of Digital Assets Research, Matthew Sigel, forecasted that Bitcoin might capture 50% of gold’s market value after the next halving in April 2028. The analyst explained that around half of gold’s value is tied to its role as a store of value, rather than industrial or jewelry use.
Bitcoin, in Sigel’s view, is increasingly becoming the preferred choice for younger investors looking to preserve wealth, particularly in emerging markets. This growing trend is also fueled by easier access to cryptocurrency exchanges and wallets worldwide, making Bitcoin more approachable than ever for a new generation of investors.
“At current gold prices, this would imply a Bitcoin value around $644,000 per coin,” Sigel said.
The prediction comes as both assets continue hitting record highs amid inflation pressures, monetary easing, and a weakening dollar. Bitcoin recently surged past $126,000, and after a minor correction, remains above $123,000, with analysts suggesting it could reach $130,100 if support at $122,100 holds. Experts also note that institutional adoption and growing regulatory clarity may further accelerate Bitcoin’s appeal as a digital alternative to gold.
Market Analysts Weigh Future BTC Movement
Nic Puckrin, co-founder of Coin Bureau, noted that breaking out of the $120k–$125k range is essential to confirm the rally’s strength. He added that Bitcoin could realistically reach $150,000 by year-end, with some projections even extending to $200,000, depending on price movement and overall market conditions.
Meanwhile, gold has also climbed to new heights, surpassing $3,975 per ounce. This simultaneous surge across Bitcoin, gold, and global equities reflects investor confidence in both traditional and digital stores of value. Economist Peter Schiff, however, interprets the gold rally as a warning of flawed Fed policies, advocating for immediate rate hikes to counter inflation. He remains skeptical of Bitcoin’s performance in gold terms, describing it as a bear market rally until proven otherwise.
The parallel growth in multiple asset classes highlights a broader reaction to the weakening US dollar, showing that investor appetite is diversifying into both digital and traditional stores of value, rather than signaling a conventional economic boom.
