Bitcoin could be heading toward an eye-popping price of $644,000 by the time of its next halving in 2028, according to Matthew Sigel, Head of Digital Asset Research at investment firm VanEck. This bold prediction comes as rising gold prices shift attention back to Bitcoin’s potential as a digital store of value.
Bitcoin vs. Gold: A Shift in Store-of-Value Preferences
Gold recently surged to an all-time high of $4,000 per ounce, driven by growing global economic uncertainty, inflation fears, and a weakening U.S. dollar. As investors seek safe-haven assets, gold remains the traditional choice—but for younger generations and tech-savvy investors, Bitcoin is increasingly seen as “digital gold.”
According to Sigel, Bitcoin could reach half of gold’s market capitalization after the next halving, a major milestone in Bitcoin’s supply cycle that occurs roughly every four years. If gold’s market cap continues to grow and Bitcoin follows suit, the cryptocurrency could realistically touch $644,000 per coin.
Rising Confidence in Bitcoin’s Long-Term Value
While legendary trader Peter Brandt believes gold still has room to climb, many analysts are pointing to Bitcoin’s strengthening fundamentals. Despite criticism from long-time gold advocates like Peter Schiff, the sentiment in the crypto world remains bullish.
Some crypto experts now suggest that Bitcoin’s “fair value floor” could be well above $1.3 million, based on network adoption, institutional interest, and its increasingly limited supply. This indicates not just speculative interest, but also growing confidence in Bitcoin as a long-term wealth preservation tool.
Surveys continue to show that younger investors prefer Bitcoin over traditional assets for its accessibility, transparency, and portability. As both gold and Bitcoin evolve in the eyes of investors, Bitcoin’s narrative as a modern alternative to gold is gaining ground—especially with the next halving event approaching in 2028.
