Bitcoin's Market Cap Could Reach Half of Gold's Post-Halving, Says VanEck Expert

According to BlockBeats, Matthew Sigel, Head of Digital Asset Research at VanEck, expressed that Bitcoin's market capitalization should reach approximately half of gold's following the next halving event. Sigel noted that about half of gold's value is derived from its function as a store of value, rather than from industrial or jewelry demand. Surveys indicate that young consumers in emerging markets are increasingly inclined to use Bitcoin for this purpose. Based on the current record-high gold prices, this would equate to each Bitcoin being valued at approximately $644,000.