Bitcoin could cost half more gold by the next division, set for 2028, and the recent increase in gold prices is cryptocurrency price to $ 644,000 to “equivalent value,” analysts said.
“We say Bitcoin should reach half of the gold market cap after the next division,” said Matthew Sigel, head of Digital Asset Research at Vaneck, told an x Post on Monday.
Gold Futures Press a record high Above $ 4,000 per ounce while entrepreneurs rush to owner, which has long been seen as a safe shelter. Sigel said its record price “indicates an equivalent value of $ 644,000 per (Bitcoin).”
Crypto analysts have long compared Bitcoin (Btc) and gold, but the latter has been -outperformed Bitcoin up to this year, rising 50% amid increased uncertainty in political development, a weakening of US dollars and sporadic US tariffs.
Bitcoin’s young investors prefer
Sigel said that Young investors Turn in Bitcoin as a value store, the main case of use where traditional investors will usually be gold.
“About half of the amount of gold reflects its use as a store of value rather than industrial or jewelry demand, and surveys show younger consumers in emerging markets that prefer Bitcoin for that role,” he said.
Certain analyst said in June Young generations believe that the financial system “worsens every single year,” and their calls for increasing public spending will also help boost the price of bitcoin.
Gold can be higher from here
Meanwhile, veteran businessman Peter Brandt said gold could still have a room to run despite the high climax.
“Gold can go significantly before any significant correction,” Brandt write to X on Monday. “How much is it higher? No clue!”
“But I’m sure that ‘all-in’ fomo (fear of missing) consumers at these levels will require deep pockets in the future,” he added.
Bitcoin hit a new All-Time Peak on Mondaythat reaches above $ 126,000 Says That despite the Bitcoin record, “it’s still about 15% below its high record” in terms of gold.
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“Bitcoin has to rise to nearly $ 148k to match the high price record,” he he he he added.
“I still think it’s too early for Bitcoiners to enjoy the rally. Until Bitcoin has made a new high price in gold, it’s a rally in the bear market,” he said.
However, Joe Consorti, the leader of growth in the Bitcoin custodian Thema, said the “fair amount of Bitcoin was lifted to $ 1.34 million” with an increase of gold.
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