VanEck executive: After the next Bitcoin halving, its market value could reach half that of gold, with a potential price of around $644,000.

According to ChainCatcher, Matthew Sigel, Head of Digital Asset Research at VanEck, stated that we have always believed that after the next bitcoin halving, its market capitalization should reach about half that of gold.

About 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 prices, this means that the equivalent value of each bitcoin would be approximately $644,000.