COINOTAG News (October 7) reports VanEck’s Director of Digital Asset Research, Matthew Sigel, reiterated the firm’s post-halving framework in which Bitcoin‘s market cap could align with roughly half of gold‘s valuation.
VanEck notes that a substantial share of gold‘s worth is attributable to its function as a store of value rather than industrial or jewelry demand, and sector surveys indicate increasing interest from younger consumers in emerging markets toward digital stores of value.
Applying that framework to the current record high gold price yields an illustrative, not definitive, equivalent of about $644,000 per bitcoin, presented as a valuation construct rather than a market forecast.