Gold approaches $4,000! VanEck references gold price: Bitcoin's next Halving could see it reach $640,000.

As gold prices hit new highs and risk aversion rises, Bitcoin is also expected to benefit. VanEck research director Matthew Sigel predicts that Bitcoin could reach half of gold's market capitalization during the next Halving, estimating a price of $644,000 per coin, becoming a more popular modern store of value asset for the next younger generation.

Gold prices reach the milestone of 4,000 USD, VanEck estimates Bitcoin pricing at 640,000 USD.

Spot gold reached $3,977 today, just a step away from $4,000, having risen over 50% so far this year, far surpassing major U.S. stock indices and assets like Bitcoin, also prompting the market to reassess Bitcoin's value potential.

(Wall Street legends are optimistic about Bitcoin surpassing gold, and the stock market still has significant room for growth)

Matthew Sigel, the head of digital asset research at VanEck, stated that if Bitcoin's market capitalization reaches half that of gold, its theoretical value would be $644,000.

We have always believed that Bitcoin should reach half of the gold market capitalization after the next Halving, which is expected in 2028.

He emphasized that the hypothesis is based on the scarcity of Bitcoin supply and its hedging properties similar to gold.

Hedging demand drives gold prices soaring, Bitcoin still lags behind.

The astonishing rise in gold prices since the beginning of the year has been attributed to global geopolitical uncertainties, a weak dollar, and turbulence in U.S. trade policy. At the same time, Bitcoin prices have also hit new highs, briefly surpassing $126,000, but still remain below the historic peak when calculated in gold.

(The influx of funds into gold is concerning! Citadel founder: Investors are seeking to de-dollarize )

Famous gold bull Peter Schiff just a few days ago expressed his pessimism about BTC: "Although Bitcoin has reached a new high when priced in USD, it is still 15% behind when converted into gold." He mocked the crypto community, suggesting that Bitcoin is entering a glacial period, emphasizing that Bitcoin must rise to about $148,000 to match the previous historical high calculated based on gold prices.

On the other hand, legendary hedge fund manager Paul Tudor Jones believes that Bitcoin is more advantageous than gold in a "world of fiscal expansion."

The younger generation prefers Bitcoin over gold.

Sigel also pointed out that half of gold's value comes from its use as a store of value, but now that role will gradually be divided by Bitcoin:

Young people, especially in emerging markets, are increasingly inclined to use Bitcoin instead of gold as a store of value.

As previously reported, by 2045, $84 trillion in Baby Boomer assets will be inherited globally, and the declining trust of these younger generations in traditional financial systems and government monetary policies is expected to bring in new daily buying demand for Bitcoin ranging from $20 million to $28 million, forming a long-term foundation for driving and supporting price increases.

(Baby Boomers step down, digital tycoons emerge: How is the younger generation driving the rise of the "Bitcoin dynasty"?)

Hedge asset multiple choice: digital or physical gold?

The competition between gold and Bitcoin, both labeled as "safe-haven assets," is revealing a new generational divide in the capital markets: "traditional investors embrace the stability of gold, while younger investors bet on the scarcity and anti-centralization potential of Bitcoin."

As gold prices continue to soar and boost the risk-averse sentiment, the market is expected to witness the starting point of Bitcoin entering the "million-dollar era" sooner.

This article, Gold approaches 4,000 USD! VanEck references gold price: Bitcoin's next Halving is expected to reach 640,000 USD, first appearing in Chain News ABMedia.