The gleaming allure of gold has reached unprecedented heights, and cryptocurrency analysts believe Bitcoin investors should pay close attention. As gold futures shattered records by climbing above $4,000 per ounce this Monday, investment firm VanEck’s research team unveiled a striking forecast for the digital currency’s trajectory.
Matthew Sigel, VanEck’s head of digital asset research, projects Bitcoin could reach $644,000 in equivalent value if the cryptocurrency captures half of gold’s market capitalization by the 2028 halving event. The calculation stems directly from gold’s recent surge, which traders attribute to mounting political uncertainty, a weakening dollar, and unpredictable tariff policies.
Generational Shift in How Value Is Viewed
The analysis reveals a fundamental transformation in how different age groups approach wealth preservation. Younger investors increasingly favour Bitcoin over traditional gold holdings, with surveys showing growing preference in emerging markets. Sigel notes that roughly half of gold’s valuation derives from its store-of-value function rather than industrial applications, and millennials appear ready to transfer that confidence to cryptocurrency.
Critics like Peter Schiff argue that the cryptocurrency still trails 15% behind its gold-priced record high. Meanwhile, Joe Consorti from Theya, a company providing Bitcoin self-custody solution, contends gold’s rally establishes Bitcoin’s fair value floor at $1.34 million, highlighting the dramatic range in expert predictions.
The debate underscores the volatility and uncertainty in digital and traditional assets alike, yet it also signals a pivotal shift in investor mindset. As market dynamics continue to evolve, the tug-of-war between gold and Bitcoin may define wealth strategies for decades to come.
